The dollar was on the rise on Friday, and is on track for three straight months of gains. This came after data showed strong growth in the US, indicating increased odds of interest rates remaining high for longer.
According to reports, the yen remained steady at 150 to the dollar, ahead of the Bank of Japan's meeting next week.
Thursday's data showed that the US economy grew at the fastest pace in nearly two years in the third quarter. Rising wages as a result of a strong labor market have contributed to boosting consumer spending.
With the release of new data, showing the strength of commercial activities, expectations increased that the US Federal Reserve would continue to tighten monetary policy for a longer period, which pushed the dollar to rise significantly this week.
The dollar index is expected to maintain its current level of 106.52, after reaching the highest level in three weeks at 106.89 in the previous session, and is heading for weekly gains of about 0.35 percent.
The euro stabilized at $1.0559, but faced difficulty in achieving gains, and is heading to record a weekly loss of 0.25 percent.
On the other hand, the European Central Bank decided on Thursday to keep interest rates unchanged as expected, ending an unprecedented series that included 10 consecutive increases in interest rates.
Data earlier this week showed that business activity in the euro zone suddenly declined this month.
The pound sterling fell 0.1 percent to $1.2117, which is slightly higher than the lowest level in three weeks, recorded on Thursday at $1.2070.
The Australian Dollar rose 0.4 percent to $0.635, after falling to its lowest level in a year at $0.6271 on Thursday.
The Japanese Yen is still fluctuating at 150 to the dollar, a level that some analysts say could lead to intervention by the Japanese authorities.
The yen rose more than 0.2 percent to hover around 150.10 to the dollar, which is slightly more than its lowest level in a year, which was recorded on Thursday at 150.78.
The Bank of Japan is scheduled to meet next week, amid growing speculation that it may change its policy on controlling bond yields.
