The dollar remained mostly lower against the other major currencies on Friday, as the release of mixed U.S. data weighed on demand for the greenback due to fresh uncertainty over the strength of the nation's economic recovery.
The dollar was lower against the euro, with EUR/USD up 0.20% to 1.3629.In a revised report, the University of Michigan said its consumer sentiment index ticked up to 81.9 this month, from a reading of 81.8 in April. Analysts had expected the index to rise to 82.5 in May.
Separately, data showed that the Chicago purchasing managers' index rose to a seven-month high of 65.5 in May, from 63.0 in March, confounding expectations for a fall to 61.0.
The report came after data showed that personal spending in the U.S. fell 0.1% last month, compared to expectations for a 0.2% rise, after a 1% increase in March, whose figure was revised from a previously estimated 0.9% gain.U.S. core ersonal consumption expenditures, which exclude food and energy, rose 0.2% in April, in line with expectations, after a 0.2% increase the previous month.
In the euro zone, official data earlier showed that German retail sales fell 0.9% last month, confounding expectations for a 0.4% rise, after a 0.1% uptick in April, whose figure was revised from a previously estimated 0.7% fall.The pound was higher against the dollar, with GBP/USD rising 0.25% to 1.6759.The dollar was steady against the yen, with USD/JPY easing 0.03% to 101.77 and lower against the Swiss franc, with USD/CHF shedding 0.24% to 0.8958.
http://www.investing.com/news/forex-news/dollar-remains-mostly-lower-vs.-rivals-after-u.s.-data-287139
The dollar was lower against the euro, with EUR/USD up 0.20% to 1.3629.In a revised report, the University of Michigan said its consumer sentiment index ticked up to 81.9 this month, from a reading of 81.8 in April. Analysts had expected the index to rise to 82.5 in May.
Separately, data showed that the Chicago purchasing managers' index rose to a seven-month high of 65.5 in May, from 63.0 in March, confounding expectations for a fall to 61.0.
The report came after data showed that personal spending in the U.S. fell 0.1% last month, compared to expectations for a 0.2% rise, after a 1% increase in March, whose figure was revised from a previously estimated 0.9% gain.U.S. core ersonal consumption expenditures, which exclude food and energy, rose 0.2% in April, in line with expectations, after a 0.2% increase the previous month.
In the euro zone, official data earlier showed that German retail sales fell 0.9% last month, confounding expectations for a 0.4% rise, after a 0.1% uptick in April, whose figure was revised from a previously estimated 0.7% fall.The pound was higher against the dollar, with GBP/USD rising 0.25% to 1.6759.The dollar was steady against the yen, with USD/JPY easing 0.03% to 101.77 and lower against the Swiss franc, with USD/CHF shedding 0.24% to 0.8958.
http://www.investing.com/news/forex-news/dollar-remains-mostly-lower-vs.-rivals-after-u.s.-data-287139