Thursday during early deals, the US dollar showed mixed trading against its major counterparts as markets braced for the release of the fourth quarter final GDP reports and speeches by few Fed officials.

The dollar edged up against the yen and the franc, and recouped early losses against the pound. But the dollar showed choppy trading against the euro during early European deals after paring early gains.

The US Bureau of Economic Analysis is due to release its final fourth quarter GDP report at 8:30 am ET. The report is likely to show that the U.S. economy contracted by a 6.6% rate in the quarter. At the same time, the Labor Department is due to release its customary weekly jobless claims report for the week ended March 21st.

Various Fed officials are scheduled to speak today. Treasury Secretary Timothy Geithner is scheduled to testify on financial regulation reform before House Financial Services Committee in Washington at 10 am ET.

Dallas Federal Reserve Bank President Richard Fisher is due to speak to students as part of the ninth annual Redefining Investment Strategy Education Forum at the University of Dayton at 12 pm ET.

Richmond Federal Reserve Bank President Jeffrey Lacker is scheduled to be the keynote speaker for the 2009 Economic Outlook Conference and luncheon of the Charleston Metro Chamber of Commerce, in Charleston, South Carolina at 12:40 pm ET, while Minneapolis Federal Reserve Bank President Gary Stern would speak at a luncheon of the Economic Club of Minnesota in Minneapolis on Better Late Than Never: Addressing Too-Big-To-Fail at 1 pm ET.

The dollar advanced against the Swiss franc during Thursday's early deals, climbing to 1.1267 by about 5:55 am ET. The pair closed Wednesday's deals at 1.1215. On the upside, the dollar-franc pair may likely target the 1.132 level.

The dollar weakened in early dealing versus the pound but recouped its gains after the UK retail sales report release at 5:30 am ET. The Office for National Statistics said UK retail sales dropped 1.9% in February from the previous month, while economists were expecting a monthly 0.4% decrease. The buck rose to 1.4540 from 1.4640. The pair was worth 1.4555 at yesterday's North American session close.

Against the European currency, the buck recovered Thursday's early Asian trading losses during the later part of the session. The dollar largely moved sideways in the early European session and is now trading at 1.3573, compared to 1.3584 hit late Wednesday in New York.

The report released at 3:10 am ET showed that in Germany, the overall consumer morale is set to show a slight deterioration in April despite too many negative reports regarding economic development. Further changes in consumer climate over the months ahead remain dependent on labor market situations.

The overall consumer confidence index is forecasting a value of 2.4 points for April, down from a revised 2.5 points reported in March, a survey conducted by the GfK market research group showed Thursday. Economists were expecting a reading of 2.5 for April.

The greenback edged up against the Japanese yen during Thursday's early trading. At about 5:35 am ET, the dollar-yen pair hit as high as 98.27, with next upside target seen around the 98.5 level. The dollar-yen pair closed yesterday's deals at 97.56.

The Bank of Japan said earlier today that corporate service prices in Japan were down 2.6 percent on year in February, posting an index score of 92.1. On a monthly basis, corporate service process inched higher by 0.2 percent.

The domestic corporate goods price index was down 1.1 percent on year, the data showed, showing an index score of 105.0. On month, CGPI was off 0.4 percent.

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