The greenback spiked on Thursday following the release of US GDP figures that expanded in Q4 at a quicker rate than anticipated, indicating that with steady economy, Fed would not be in a haste to lower interest rates.

The dollar index that measures the greenback versus its major pairs ticked up by 0.1% at 103.37.

It is projected by the market that the first interest rate trim will likely take place in May with 9% possibility.

Fed’s stance is anticipated to remain unchanged next week, but Chair Jerome Powell's comments will be closely watched to determine whether the US central bank is prepared to begin reducing interest rates.

EUR/USD dipped by 0.2% at $1.0863.

The euro slipped versus the greenback following conflicting comments from ECB’s president, Christine Lagarde. As she stated that it is likely too soon too soon to discuss rate trims for the euro zone economy.

GBP/USD slumped at $1.2717.

USD/JPY dropped 0.2% to 147.22.