Dollar mixed vs. rivals, eyes on U.S. data

Shutterstock photo - - The dollar was mixed against the other major currencies on Friday, as investors eyed the release of U.S. economic reports later in the day, after mixed U.S. data dampened demand for the greenback on Thursday.

The dollar was lower against the euro, with EUR/USD up 0.17% to 1.3575.

On Thursday, the Labor Department reported that the number of people filing for initial jobless benefits in the week ending June 7 increased by 4,000 to 317,000. The consensus forecast had been for a decline of 3,000.

The unexpected increase in jobless claims was not seen as altering the view that the labor market is continuing to gradually improve.

At the same time, U.S. retail sales rose 0.3% in May, falling short of expectations for a 0.6% gain. However, retail sales for April were revised up to a 0.5% gain from a previously reported increase of 0.1%.

The pound rose against the dollar, with GBP/USD gaining 0.29% to 1.6977.

The dollar was higher against the yen, with USD/JPY adding 0.14% to 101.84 and lower against the Swiss franc, with USD/CHF shedding 0.24% to 0.8962.

At its monthly policy-setting meeting, the BoJ said it will continue to expand the monetary base at a pace of ¥60 trillion to ¥70 trillion per year, in a widely expected move.

BoJ Governor Haruhiko Kuroda had said last week that the central bank's easing measures are having the intended effects and are leading to an improvement in the economy.

The greenback was steady to higher against the Australian, New Zealand and Canadian dollars, with AUD/USD down 0.11% to 0.9416, NZD/USD slipping 0.21% to 0.8670 and USD/CAD easing 0.04% to 1.0849.

In New Zealand, data earlier showed that the business manufacturing index fell to 52.7 in May, from a reading of 54.4 in April, whose figure was revised down from a previously estimated 55.2.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.14% to 80.48.

Also Friday, official data showed that industrial production in China rose at an annual rate of 8.8% last month, in line with expectations, after an increase of 8.7% in April. The upbeat data eased concerns over a slowdown in the world's second biggest economy.

Later in the day, the U.S. was to release data on producer price inflation and preliminary data on consumer sentiment from the University of Michigan. offers an extensive set of professional tools for the financial markets.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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