Markets moved quietly in the trading session towards the end of a long week, with the focus now on the release of US personal consumer expenditure (PCE) data.
PCE, is the main measure of inflation for the Federal Reserve (Fed) where prices are calculated according to the total expenditure of each item which provides important insight into consumer spending behaviour.
Looking at market movements in the European session, the dollar index, which measures the greenback's strength against a basket of major currencies, traded at 104.38.
The US dollar is still holding on to gains made following the release of US gross domestic product (GDP) which grew by 3.2% in the third quarter.
With the strengthening, it further strengthens the expectation for the central bank to maintain the tightening in its monetary policy for longer.
Meanwhile, the euro was trading steady following the decline recorded in the previous session, while the pound remained trading gloomy around three-week lows in the European session.
The yen traded almost unchanged even as Japan's core inflation data showed an increase to a new 40-year high in November.
Additionally, the Aussie and New Zealand dollars were little changed at around five-week and three-week lows against the greenback.
The dollar loonie rose ahead of the release of Canada's gross domestic product (GDP) data for October in the New York session.
Although the market moved calmly, but investors are reminded to be careful for any profit taking activities towards the end of trading for this week and the Christmas holidays.
