By Gina Lee

Investing.com – The dollar was up on Friday morning in Asia, but remained near its lowest level in a week. Improving risk sentiment, as concerns about contagion from a potential China Evergrande Group default eased somewhat, erased the U.S. currency’s recent gains.

The that tracks the greenback against a basket of other currencies inched up 0.08% to 93.105 by 11:11 PM ET (3:11 AM GMT).

The pair inched up 0.10% to 110.41.

The pair inched up 0.03% to 0.7297 while the pair inched down 0.02% to 0.7065.

The pair inched up 0.04% to 6.4614 and the pair inched up 0.05% to 1.3723.

The People’s Bank of China injected fresh cash into the financial system on Thursday, a day after said it would make interest payments on an onshore bond. It was unclear if the developer paid coupon payments for dollar bonds due Thursday. Additional payments are due the week after that.

According to investors, however, the news about China Evergrande influenced risk sentiment. “Chinese authorities are readying restructuring teams, alleviating fears of a Lehman’s-type moment,” National Australia Bank (OTC:) (NAB) analyst Tapas Strickland said in a note.

Two BOE policymakers voted to begin asset tapering, but the central bank kept its interest rate unchanged at 0.10A% as it handed down its on Thursday.

Elsewhere in Europe, Norges Bank raised its interest rate to 0.25% from the previous month’s 0% as it also handed down its on Thursday. According to Oystein Olsen, there could be more hikes in the future.

The U.S. Federal Reserve also hinted that asset tapering could begin in November, with interest rate hikes following in 2022, when it handed down its on Wednesday.

The Fed’s Dot plot has a hawkish bias, and the BOE as well as Norgesbank sounding hawkish reinforces this. In his note, Strickland from NAB stated that BOE seemed to be open to an interest rate increase before 2021 ends.

Fed Listens will host several Fed officials later that day, including the Chairman Jerome Powell, who will make the opening remarks.