The US dollar traded flat in the European session with the giant currency now on track for its biggest weekly gain since February.
The dollar index, which measures the strength of the greenback, traded little changed at around 102.12, the highest level in more than a week against the major currency.
The current strengthening of the greenback is believed to be supported as a safe-haven from the deepening banking crisis.
Pacwest said in a securities filing on Thursday that its deposits fell nearly 10% causing shares to lose more than 20% in Thursday trading.
Heading into the close of trading this week, investors will next focus on the release of US UoM consumer sentiment data in the New York session.
Next, the pound traded stable after being pushed down following the Bank of England's (BOE) decision to raise interest rates by 25 basis points.
In the European session, UK gross domestic product (GDP) data was reported to have increased 0.1% in the first quarter following the contraction recorded in March.
Meanwhile, the euro slipped to its weakest level in a month at 1.0900 against a stronger greenback.
On the other hand, the Aussie dollar eased slightly while the kiwi dollar slipped further after data showed business managers expected inflation to moderate over the next two years.
Expectations of future inflation can become actual inflation, especially as workers tend to drive wages higher when they believe prices will rise.
In addition, the Canadian dollar traded flat around the 1.3500 resistance level against the US dollar on the USD/CAD chart, amid weaker crude oil trading.
