The dollar held steady near a one-week high against major currencies on Friday as traders tempered expectations for a sharp rate cut by the Federal Reserve. The dollar is expected to end a five-week losing streak as U.S. job market and GDP data showed that the U.S. economy will achieve a soft landing. All eyes are now on U.S. PCE inflation data due later today, which may affect expectations of the pace of the Fed's rate cuts. Fed Chairman Powell previously said it was time to revise policy. The direction of progress is clear, and the timing and pace of rate cuts will depend on incoming data, the changing outlook and the balance of risks. (Jinshi)