The dollar was steady on Friday but poised for a weekly fall as U.S. President Donald Trump's temporary choice for a fill-in Federal Reserve governor stoked expectations for a dovish pick to replace chair Jerome Powell when his term ends.

The dollar is weaker today but remains above Thursday's 1.5-week low. The dollar is being undercut today from strength in stocks, which reduces liquidity demand for the dollar. The dollar is also under pressure afterPresident Trump late Thursday nominated Stephen Miran to be a temporary replacement

The dollar was falling after President Donald Trump said he would nominate Stephen Miran to temporarily join the Federal Reserve's board of governors. Miran is chair of the White House's Council of Economic Advisers.