The cautious tone of speech delivered by Federal Reserve (Fed) Chairman Jerome Powell has shown a strengthening of the US dollar for several recent sessions.
The US dollar at the beginning of the week showed a pattern of depreciation, but on Wednesday it recovered as a reaction to the movement after the FOMC meeting last week.
However, market analysts still see pressure on the currency with expectations of further interest rate cuts at the October and December meetings.
After the first interest rate cut last week, the market expects policy easing measures to continue until next year.
The US dollar showed excellent strengthening in the New York session yesterday which was also supported by the release of the new home sales report in the United States (US).
Sales recorded in August increased to 800,000 from the previous month (664,000) which was revised, in addition to exceeding the forecast of 650,000.
Investors will be looking at the final US second quarter economic growth report due in New York tonight, which will influence the US dollar's movement at the end of the week.
For the next indicator, the PCE price index data will be in focus on Friday, which will also be monitored by the central bank for further monetary policy setting.
