After four straight days of declines, the dollar index, tracking the greenback against a basket of major currencies, rose 0.07 percent.
While investors cheered a 0.4 percent increase in the US producer price index for final demand last month, inflation concerns were still in focus as USA central bankers showed they were taking a more guarded view.
The Labor Department's CPI report is due at 8:30 a.m. Core CPI also disappointed, up 0.1% when 0.2% was forecast by economists.
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That's below the Fed's 2% target. Federal Reserve Governor Lael Brainard said Thursday that Fed officials are struggling to understand a "material" decline in the trend of inflation.
Yesterday, it was reported that prices at the wholesale level (PPI) climbed 0.4% in September, as expected.
Further, the latest figures from the retail sector are expected to show that sales posted solid growth in September. Eastern from the University of MI.
"PPI was a little bit better, but that doesn't really translate well to CPI", said Gennadiy Goldberg, an interest rate strategist at TD Securities in NY.
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While investors cheered an increase in the US producer price index (PPI) for last month announced Thursday, inflation concerns were still in focus ahead of consumer price index (CPI) data on Friday after Federal Reserve minutes showed a more guarded view.
"People got a little bit spoiled by the very nice advances we saw in the first and second quarter, but keep in mind that earnings started perking up in the third quarter of last year so the year-over-year comparisons might not look as robust", said John Carey, portfolio manager at Pioneer Investment Management in Boston.
Adding to this pressure, sterling jumped to its highest since October 4, with analysts citing a report in Germany's Handelsblatt newspaper that the European Union could offer Britain a two-year transitional Brexit deal.
The pound on Thursday was yanked below $1.32 after Michel Barnier, the EU's chief Brexit negotiator, said not enough progress had been made for the European Union and the U.K.to start discussing their future trade relationship.
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