Investing.com - The dollar was almost unchanged against other major currencies on Friday, as markets continued to digest Thursday’s downbeat U.S. data and looked ahead to upcoming reports on consumer prices and consumer sentiment due later in the day.
EUR/USD held steady at 1.1238.
The Commerce Department reported on Thursday that U.S. retail sales fell 0.3% in August, worse than expectations for a 0.1% decline. It was the first decline in five months.
In a separate report, the Department of Labor said initial jobless claims rose less than expected last week, pointing to further tightening in the labor market. But the Labor Department also reported that U.S. producer prices were flat in August.
The data indicated that the Fed is likely to leave interest rates unchanged at its next meeting, which is scheduled for September 20-21.
GBP/USD was little changed ar 1.3229.
Meanwhile, USD/JPY held steady to trade at 102.06.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 95.33.