The Labor Department is scheduled to release its consumer prices report for April at 8:30 am ET Friday. Economists expect consumer prices to have edged up 0.1 percent month-over-month, compared to a 0.2 percent increase in March.

The greenback traded mixed against its major rivals before the data. While the greenback held steady against the pound, it recovered from its early lows against the rest of major currencies.

The greenback was worth 1.1169 against the euro, 1.5644 against the pound, 0.9329 against the franc and 120.94 against the yen as of 8:25 am ET.

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