By Gina Lee

Investing.com – The dollar was down on Friday morning in Asia and was set for a second week of declines even as upbeat economic data gave the U.S. currency an earlier boost.

This chart tracks the greenback’s value against a basket currency by 0.04% at 10:57PM ET (2:57 GMT).

With the September increase of 0.1%, the pair rose 0.08% to 114.707. Both the national CPI and 0.2% increased by 0.4%.

Both the pair increased by 0.17%, to 0.7479, and the other pair rose by 0.16%, to 0.7166.

Both the pair edged up 0.1% at 6.3994, and both were up 0.03% at 1.3794.

According to data released in the U.S. on Thursday, that rate rose to 6.29 Million Units in September. This is a 7% increase. This better than expected data provided a lift to the dollar, which it retained as the Asian session began.

Investors expressed concern with the Dollar Index falling 0.18% during the week. The index is set to decline for the second week.

Paul Mackel, head of FX research at HSBC, said that people are asking whether the world is reaching an inflection point. The dollar is weakening, and this doesn’t fit the broader narrative about global growth cooling.

Analysts say that a rally in commodity currencies slows down on Thursday, and continues as the Asian session opens. As traders reap the rewards, the gains are reflected in the Canadian dollar. C$1.2369 for the Canadian dollar was lower than Thursday’s C$1.2287. It is now at levels not seen since June 20,21. The Australian dollar saw some losses, falling to $0.7455 from its three-month record.

Analysts at Westpac stated in a note that China’s aggressive intervention in the coal market has had an impact on prices in the sector. “So we don’t surprise to see a moderate correction in Australian dollars from extremely overbought levels.”