The greenback was tracking Treasury yields lower amid dovish hints from the Fed.

The dollar was mostly lower this week, slipping to more than two-week troughs versus major peers on Thursday before reversing in recent trading. The greenback was tracking Treasury yields lower amid dovish hints from the Fed. The benchmark 10-year Treasury yield dipped below 1.63% after the Federal Reserve Chair Jerome Powell noted that an expected rise in prices this year is likely to be temporary. As such, the euro is finishing the week with solid gains, albeit so far below the 1.1900 handle that represents the immediate target for bulls. As for the Japanese yen, USDJPY bounced from two-week lows around 109.00. In the process of recovery, the dollar regained the 20-DMA and climbed to the 109.70 area. A break above this figure would pave the way towards the 110.00 regions.