The greenback geared away from its gains on Thursday weighed by an inched-up US labor costs lower than predictions for the Q4 and ahead the uncover of Fed's stance from the interest rate raises, with projections hovering around 25 bps hike.

In relation to a basket of currencies, the dollar index recently traded at 102.24 with minimal change for the day. Analysts noted that it had previously risen to a two-week high of 102.61, which was probably influenced by repositioning for the month. In addition, the dollar's value relative to other major currencies, such as the euro, is currently barely above significant technical supports.

As investors price in the possibility that the U.S. central bank is close to ending its tightening cycle, the index has declined from a 20-year high of 114.78 on September 28.

EUR/USD which had previously dropped below $1.0800, steadied for the day at $1.0847.

GBP/USD sank by 0.26% at $1.2317.

JPY/USD dropped 0.45% to 129.85.