The dollar index .DXY, which tracks the greenback against a basket of six global peers, was steady at 103.06, down from Tuesday's 103.65 peak. It is poised for a weekly gain of 0.1 percent.
The dollar inched down 0.1 percent against the yen JPY=D4 to 117.49, set to end the week 0.4 percent lower.
Still, most traders retain positive bets on the U.S. currency, particularly after upbeat economic data including business spending, and an upward revision to third-quarter economic growth on Thursday.
A better-than-expected U.S. GDP report released by the U.S. Department of Commerce was released on Thursday, showing real GDP growing by 3.5 percent during the third quarter of 2016.
Analysts note that this was above the expectations, with agricultural exports above normal. This report put pressure on the precious metal as investors took this as a positive long-term sign for U.S. economic growth.
The euro EUR=EBS was also flat at $1.04375 early on Friday, set for a loss of 0.2 percent for the week.
The U.S. Department of Labor released its weekly jobless report on Thursday showing worse-than-expected jobless claims. Initial claims increased by 21,000 to 275,000 during the week of December 17th. Analysts note that the figures in this report were largely unexpected by the market, as U.S. employment data.
Orders for U.S. business equipment climbed more than forecast in November, a sign corporate investment is starting to firm up.
Increased business sentiment about the economy following the presidential election has the potential to boost sales of productivity-enhancing equipment. Leaner inventories, resilient household demand and the longer-term prospects of more infrastructure spending may help boost durable-goods orders even as a soaring dollar risks slowing exports.
Oil prices rose in subdued trading on Thursday, supported by strong U.S. economic data and optimism that crude producers would abide by an agreement to limit output.
U.S. West Texas Intermediate crude CLc1 settled up 46 cents, or 0.9 percent, to $52.95 a barrel. Brent futures LCOc1 for February delivery settled up 59 cents to $55.05, or 1.1 percent.
Reference: Bloomberg, Xinhua, Reuters
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