Positive movement is again seen in US dollar trading as the market enters the European session.
However, the currency king has yet to erase the losses recorded after the United States inflation data was published on Thursday.
Investors' attention next turned to the release of US retail sales data released in the New York session with expectations of a slight increase in September.
Earlier, US consumer inflation was reported to have increased more than expected last month at 8.2% compared to the market forecast of 8.1%, only slightly down from the previous reading of 8.3%.
This led the market to maintain expectations for a rate hike of 75 basis points by the Federal Reserve (Fed) at next month's policy meeting.
Meanwhile, it can be seen that several major currencies are retreating from their previous gains.
The yen continues to hover around 32-year lows amid a widening monetary policy gap between the Bank of Japan (BOJ) and other major central banks.
The pound weakened slightly amid uncertainty in the UK government's fiscal plans and the end of the bond buying program by the Bank of England (BOE) on Friday.
The same movement is displayed by the euro currency which is trading at around the price of 0.9752 against the US dollar.
