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Currency traders' recent moves in the money market will continue to put the U.S dollar under pressure in the short term.
The U.S. Dollar Index, which monitors the greenback's strength against a basket of major currencies dropped 0.14% to trade at 92.263 points.
Tether Treasury minted a whopping 150 million USDT by an advanced blockchain tracker
U.S dollar index used to gauge the greenback's strength against 6 major currencies lost about 0.2% to settle at 92.710.
The U.S. Dollar Index that tracks the greenback against a basket of major currencies was up 0.16%.
Investors selling out other G7 currencies and increasing their buying pressure on the U.S dollar.
The U.S dollar dropped amid worries about the second wave of COVID-19 caseloads in the emerged markets.
Trading activity in the currency market has been feeble overall, due to a holiday in the U.S.
Anticipation of further stimulus measures to support the U.S. economic recovery has set the greenback into retreat mode.
Investors tilted more towards the dollar as it edged up 0.19% to 93.920 by 4.40 am GMT.
The US dollar index was up 0.23% to trade at 93.977 earlier on Friday.