Investing.com - The dollar traded mixed to higher against most
major currencies on Friday after U.S. consumer sentiment and
wholesale pricing reports beat expectations.
In U.S. trading on Friday, EUR/USD was down 0.03% at 1.3883.
Upbeat U.S. indicators supported the greenback on Friday.
The preliminary Thomson Reuters/University of Michigan consumer
sentiment index came to 82.6 in April, beating expectations for a
Separately, official data showed that the U.S. producer price
index rose 0.5% in March, exceeding expectations for a 0.1% gain,
after a 0.1% fall the previous month.
Core producer price inflation, which is stripped of volatile
food, energy and trade items, rose 0.6% in March, beating
expectations for a 0.2% rise after a 0.2% decline in February.
Still, growing market consensus that the Federal Reserve is
nowhere close to tightening policy watered down the greenback's
Meanwhile across the Atlantic, the euro saw some support after
Greece made a successful return to the financial markets on
Thursday, raising €3 billion in its first bond auction since 2010,
when Athens sought its first bailout.
The dollar was up against the yen, with USD/JPY up 0.07% at
101.61, and down against the Swiss franc, with USD/CHF down 0.10%
The greenback was up against the pound, with GBP/USD down 0.28%
The dollar was mixed against its cousins in Canada, Australia
and New Zealand, with USD/CAD up 0.35% at 1.0974, AUD/USD down
0.18% at 0.9397 and NZD/USD up 0.10% at 0.8689.
The US Dollar Index, which tracks the performance of the
greenback versus a basket of six other major currencies, was up
0.09% at 79.55.
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