The greenback earlier fell, hurt by weaker-than-expected U.S. economic data that affirmed expectations the Federal Reserve will hold U.S. interest rates steady this year.
"We had weak U.S. data earlier that pushed the dollar lower, but now that move is over," said John Doyle, vice president of dealing and trading at Tempus Inc. in Washington. "Right now, we're kind of stuck in some boring, tight ranges. We were kind of hoping for some events to shake things loose, but that didn't really happen and we're sort of looking for the next driver," he added.
Doyle noted that those drivers could very well be related to developments on U.S.-China trade talks and Brexit negotiations.
The U.S. data came a day after minutes of the Fed's monetary policy last month said patience was needed when it came to tightening rates, noting a pause in rate hikes gave it time to observe the effects of past increases amid a global economic slowdown.
New orders for U.S.-made capital goods, in particular, unexpectedly fell in December, data showed on Thursday, amid declining demand for machinery and primary metals, pointing to sluggish business spending on equipment that could crimp economic growth.
"Overall, the durable goods data provide further reason to think that economic growth will soon slow to below its 2 percent potential pace, which will keep the Fed on hold throughout this year," said Andrew Hunter, senior U.S. economist, at Capital Economics in London.
Thursday's data also showed that the Philadelphia Fed's manufacturing activity index dropped to a reading of -4.1 this month from 17.0 in January. That was the first negative reading since May 2016.
In afternoon trading, the dollar index, a gauge of its value against a basket of six major currencies, was up 0.16 percent at 96.61.
The dollar, however, fell 0.14 percent against the yen to 110.69 yen, sliding for the first time in five days.
But the greenback gained against the Swiss franc and sterling.
The euro, meanwhile, was little changed versus the dollar, at $1.1337, earlier rising after surveys showed business activity was surprisingly firm in February, particularly in France.
French business activity rose more than expected, though the German PMI number was more of a mixed picture. A bunch of weak data since January has undermined support for the euro, prompting investors to revise down their inflation expectations for the coming months, and pulled core bond yields lower. A Citibank economic surprise index shows the euro zone indicator is still wallowing near six-month lows hit last month.