Investing.com - The dollar was broadly higher against a basket of other major currencies on Friday, as it bounced back from losses posted on Wednesday and as trading volumes were expected to remain thin a day after the Thanksgiving holiday.
EUR/USD touched session lows of 1.2429 and was last down 0.11% to 1.2451.
Official data showed that euro zone consumer price inflation ticked down to an annualized rate of 0.3% this month from 0.4% in October, in line with expectations.
Core consumer price inflation, which excludes food, energy, alcohol and tobacco, remained unchanged at an annualized 0.7% in November, in line with market estimates.
The rate has now been below 1% for 13 straight months, well under the European Central Bank's target of near but just under 2%.
The data was seen as increasing the likelihood that the ECB will implement additional stimulus measures in an attempt to spur growth and inflation in the euro area.
Earlier Friday, official data showed that German retail sales rose 1.9% in October, beating expectations for a 1.7% gain. The change in retail sales in September was revised to a 2.8% decline from a previously estimated 3.2% drop.
Meanwhile, in France, data showed that consumer spending fell 0.9% in October, compared to expectations for a 0.2% rise. September's consumer spending was revised to a 0.5% slip from a previously estimated 0.8% decline.
USD/JPY was up 0.34% to 118.15, while USD/CHF added 0.12% to 0.9653.
Official data on Friday showed that Japan's household spending declined by an annualized rate of 4.0% in October, compared to expectations for a 4.8% drop, after a 5.6% fall the previous month.
A preliminary report also showed that industrial production in Japan rose 0.2% in October, confounding expectations for a 0.4% fall, after an increase of 2.9% in September.
A separate report showed that Japan's retail sales rose by an annualized rate of 1.4% in October, below expectations for a 1.5% rise, after a 2.3% advance the previous month.
In Switzerland, the KOF Economic Research Agency said its economic barometer ticked down to 98.7 this month from a downwardly revised reading of 99.5 in October. Analysts had expected the index to rise to 100.1 in November.
The pound slipped lower against th dollar, with GBP/USD down 0.16% to 1.5711.
Sterling came under pressure after the Nationwide Building Society said U.K. house price inflation rose 0.3% in November, less than the expected 0.4% increase, after a 0.5% gain the previous month.
Year-on-year, U.K. house prices rose 8.5% this month, slightly below expectations for an increase of 8.6%, down from a 9.0% rise in October.
The Australian, New Zealand and Canadian dollars were broadly lower, with AUD/USD shedding 0.25% to 0.8518 and NZD/USD sliding 0.27% to 0.7849, while USD/CAD gained 0.38% to trade at 1.1375.
The US dollar index, which tracks the performance of the greenback against a basket of six major currencies, was up 0.19% to 88.18.