The dollar is trading within a narrow range on Thursday, with traders evaluating less dovish statements from Federal Reserve (US central bank) policymakers overnight and looking forward to new economic data from the United States.
The focus was also on inflation data issued in China, the second largest economy in the world.
During the past hours, many US Central Bank officials reviewed a group of reasons why policymakers do not feel an urgent need to start monetary easing in the United States soon or move quickly if they decide to move in this direction.
Boston Fed President Susan Collins said at the moment, policy remains in a good position, and we are carefully evaluating the data and expectations, adding that she believes it will be appropriate to start easing policy restrictions later this year.
The dollar fell overnight after rising on Monday and Tuesday for the first time since late November above its 100-day moving average, driven by a rise in US jobs data on Friday.
The dollar index, which measures the US currency against six major currencies, has recently been hovering around 104.00.
The euro rose 0.06 percent to 1.0777 per dollar, holding above its lowest level since November 14 at $1.0722, which it recorded on Tuesday.
The British pound saw little change at $1.26305.
The yen also stabilized against the dollar at 148.18.
The offshore Chinese yuan remained stuck near 7.206 against the dollar.
Regarding cryptocurrencies, Bitcoin rose 0.94 percent to $44,602.23.
