The US Dollar seems to have found its footing late Thursday following a pullback witnessed in Wall Street's main indexes, Early Friday, the US Dollar Index stays relatively quiet ahead of February Durable Goods Orders and S&P Global's preliminary Manufacturing and Services PMI surveys for March. S&P Global will also release the PMI surveys for Germany, the UK and the Eurozone on Friday. Canadian economic docket will feature Retail Sales for January.

Following the sharp decline witnessed on Wednesday, the benchmark 10-year US Treasury bond yield fluctuated below 3.5% on Thursday and closed the day virtually unchanged. Early Friday, the 10-year yield edges lower toward 3.4%. Durable Goods Orders in the US are forecast to rise by 0.6% in February following January's 4.5% decrease.

During the Asian trading hours, a spokesperson for China’s Ministry of Commerce spokesperson said China does not seek to engineer a trade surplus with the US. Meanwhile, Reuters reported that the Beijing office of Mintz Group, a US corporate due diligence firm, was raided by authorities and five Chinese staff were detained. Nevertheless, US stock index futures trade modestly higher on the day.

The data from Japan showed early Friday that the National Consumer Price Index declined to 3.3% on a yearly basis in February from 4.3% in January. This reading came in much lower than the market expectation of 4.1%. USD/JPY, however, is having a difficult time gathering bullish momentum and was last seen trading in negative territory at around 130.50.