Investing.com - The dollar was mixed against the other major
currencies on Friday, as investors were still digesting the release
of mostly positive U.S. economic reports on Thursday and as they
eyed upcoming U.S. housing data.
The dollar was little changed against the euro, with EUR/USD up
0.05% to 1.3718.
Demand for the greenback remained supported after a string of
upbeat U.S. economic reports were released on Thursday, including
jobless claims and manufacturing activity in New York and
The single currency weakened on Thursday after data showed that
the euro zone's gross domestic product grew just 0.2% in the first
quarter, compared to expectations for growth of 0.4%. On a
year-over-year basis the bloc's economy expanded 0.9%, falling
short of expectations for growth of 1.1%.
A separate report showed that the bloc's annual rate of
inflation was unchanged at 0.7% in April, in line with forecasts,
but still well below the ECB's target of close to but just under
Meanwhile, investors continued to monitor developments in
Ukraine as U.S. Secretary of State John Kerry warned Russia it
faced broader economic and industrial sanctions if it meddled in
Ukraine's presidential elections on May 25.
The pound was higher against the dollar, with GBP/USD edging up
0.10% to 1.6807.
Sentiment on the pound remained vulnerable after the Bank of
England on Wednesday left its forecasts for growth and inflation
largely unchanged in its quarterly Inflation Report and indicated
that it is still in no rush to hike interest rates.
The dollar was steady against the yen, with USD/JPY dipping
0.01% to 101.56 and fractionally lower against the Swiss franc,
with USD/CHF down 0.07% to 0.8903.
The greenback was steady to higher against the Australian, New
Zealand and Canadian dollars, with AUD/USD easing 0.01% to 0.9355,
NZD/USD edging 0.06% lower to 0.8639 and USD/CAD down 0.08% to
The US Dollar Index, which tracks the performance of the greenback
versus a basket of six other major currencies, was down 0.03% to
Later in the day, the U.S. was to release data on building
permits and housing starts, as well as a preliminary reading on
consumer sentiment from the University of Michigan.
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