The greenback stood solid on Friday before the release of Fed's preferred gauge and shored up by predictions of continuous hiked interest rate.

The dollar index which gauges the US dollar versus its major pairs, that nudged up by 0.1% at 104.588, close to the highest level in seven weeks that was touched the earlier session.

The greenback is gearing towards achieving gains for the fourth week in a row, edging by 0.8% for the week.

Eyes are now on the US CPI for January, Fed’s favoured gauge that is due to release today.

EUR/USD slipped by 0.1% to 1.0593, not far from the lowest level in six weeks, post the released data on Friday that revealed that the German economy contracted by 0.4% for the Q4.

GBP/USD surged by 0.1% to 1.2018, supported by the released data that revealed that U.K. consumer confidence recovered in Febraury.

USD/JPY soared up by 0.1% at 134.79, post the upcoming BOJ's governor implied that the central bank will retain its loosened policy, refering to a slowdown in the economy.