The dollar is currently turning in a mixed performance against its major competitors Friday afternoon. The U.S. currency is recovering from some of yesterday’s losses against the Euro and British pound, but is losing ground against the Japanese Yen. Overall, the buck is little changed on the day.

Suggesting economic growth will remain moderate into next year, the Conference Board released a report on Friday showing a slight uptick by its index of leading U.S. economic indicators in the month of August.

The Conference Board said its leading economic index inched up by 0.1 percent in August, while revised data showed no change in July. Economists had expected the index to rise by 0.2 percent compared to the 0.2 percent drop originally reported for the previous month.

The Federal Reserve decided against raising interest rates yesterday, due to concerns over global economic headwinds, volatility in the stock market and anemic inflation. The vote to leave interest rates unchanged was 9-1. Most Fed officials have said that a rate hike would be appropriate this year given the recent pace of economic activity.

If the Fed is going to raise rates this year, it will likely be in December since there is no scheduled press conference after the upcoming October meeting. Yellen said that October is a “live meeting” that could produce a rate hike, but most Fed watchers think she will want a chance to soothe investors if there is a market tantrum.

The dollar has rebounded to around $1.1350 against the Euro Friday afternoon, from a 3-week low of $1.1460 this morning.

Eurozone current account surplus declined in July as the deficit on secondary income widened from June, the European Central Bank reported Friday. The current account surplus decreased to EUR 22.6 billion in July from EUR 24.9 billion in June.

Bank of England may need to loosen policy than tighten it, if downside risks materialize, the central bank’s chief economist Andrew Haldane said Friday.

“The balance of risks to UK growth, and to UK inflation at the two-year horizon, is skewed squarely and significantly to the downside,” Haldane said in a speech.

“Against that backdrop, the case for raising UK interest rates in the current environment is, for me, some way from being made.”

The buck has also climbed to around $1.5550 against the pound sterling, from a 3-week low of $1.5658 this morning.

The greenback dropped to a week and a half low of Y119.051 against the Japanese Yen this morning, but has since rebounded to around Y119.800.

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