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The dollar retreated from a 10-month high against a basket of currencies on Friday on the last trading day of the third quarter of the year, giving the yen a chance to breathe amid fears of Japanese government intervention in the exchange market.
The euro continued its recovery, moving away from the lowest levels it reached in January at $1.0482, which if lower would be its lowest levels since December, while investors await the release of inflation data from the euro zone.
The dollar index, which measures the performance of the US currency against six other major currencies, fell 0.1 percent in Asian trading, recording 106.02 compared to the US close, which moved it further away from the highest level in ten months that it recorded on Wednesday at 106.84. But the US dollar is still on track to achieve a monthly increase for the second month in a row.
US Treasury bond yields, which had been providing support to the dollar, fell from their highest level in years overnight.
Markets are awaiting the release of basic data, starting with personal consumption data in the United States, which will be released later on Friday.
Although the yen received some support, pressure remained, with it trading near 150 to the dollar, a level that may prompt the Japanese government to intervene. In the latest trading, it recorded 149.36.
The euro recorded $1.0579, continuing its rise from the lowest level in several months recorded this week at $1.0488, before the release of inflation data in the euro zone later on Friday.
The British pound rose by about 0.1 percent to $1.2223, recovering most of its losses this week after falling to 1.2111 on Wednesday, the lowest level since March 17.
