The US dollar continued to decline in Thursday's trading until the opening of the Asian session on Friday morning.
Since Tuesday's depreciation, the king of currencies has been declining despite risk-on sentiment, triggered by the renewed trade war tension between the United States (US) and China.
Analysts see pressure on the US dollar driven by expectations that the Federal Reserve (Fed) will continue to cut interest rates at its next meeting at the end of October.
This was also supported by signals in Fed Chairman Jerome Powell's presentation on Wednesday that the central bank is still open to continuing policy easing.
According to Powell, the constraints on the publication of important data due to the government shutdown situation are not a hindrance to the central bank's projections.
This was also supported by several FOMC officials who also tended in the same direction.
Fed Governor Christopher Waller agreed to another interest rate cut at this month's meeting following mixed indicators for the labor sector.
Meanwhile, new Fed Governor Stephen Miran reiterated his support for more aggressive rate cuts in 2025.
Investors should remain cautious in trading in the final sessions of this weekend as market volatility could trigger high risks.
