Investing.com - The dollar was mostly lower against the other major currencies on Friday, as sustained concerns over the consequences of the current U.S. government shutdown weighed broadly on the greenback.
During European late morning trade, the dollar slipped lower against the yen, with USD/JPY falling 0.10% to 97.16.
The yen found support after the Bank of Japan refrained from adding to its monetary stimulus program and as Japan Prime Minister Shinzo Abe said the economy was strong enough to weather a sales-tax increase.
Meanwhile, the dollar remained under pressure as investors continued to weigh the implications of a protracted U.S. government shutdown.
On Thursday, disappointing U.S. service sector data added to concerns that the shutdown in Washington could have wider consequences on the U.S. economy.
The Institute of Supply Management said its non-manufacturing purchasing manager's index fell to a three-month low of 54.4 in September from a reading of 58.6 in August. Analysts had expected the index to decline to 57.4 last month.
The U.S. Labor Department on Thursday said the employment report for September will not be released as scheduled on Friday due to the government shutdown. It said a new release date had not been set.
Markets were also considering how the U.S. political deadlock will impact negotiations to raise the U.S. debt ceiling, which the U.S. Treasury Department has estimated will be reached by October 17.
Speaking overnight, International Monetary Fund head Christine Lagarde said the failure to raise the U.S. debt ceiling could hurt the global economy and warned U.S. growth could drop below 2% this year.
The euro was hovering near eight-month highs against the dollar, with EUR/USD easing 0.06% to 1.3611.
Earlier Friday, official data showed that producer price inflation in Germany fell 0.1% in August, confounding expectations for a 0.1% rise, after a 0.1% slip the previous month.
The dollar was higher against the pound and the Swiss franc, with GBP/USD down 0.25%, to 1.6115 and with USD/CHF adding 0.13%, to hit 0.9005.
Elsewhere, the greenback was steady to lower against its Australian, New Zealand and Canadian counterparts, with AUD/USD climbing 0.47% to 0.9438, NZD/USD edging up 0.13% to trade at 0.8304 and USD/CAD inching 0.04% higher to 1.0336.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.06% to 79.92.
During European late morning trade, the dollar slipped lower against the yen, with USD/JPY falling 0.10% to 97.16.
The yen found support after the Bank of Japan refrained from adding to its monetary stimulus program and as Japan Prime Minister Shinzo Abe said the economy was strong enough to weather a sales-tax increase.
Meanwhile, the dollar remained under pressure as investors continued to weigh the implications of a protracted U.S. government shutdown.
On Thursday, disappointing U.S. service sector data added to concerns that the shutdown in Washington could have wider consequences on the U.S. economy.
The Institute of Supply Management said its non-manufacturing purchasing manager's index fell to a three-month low of 54.4 in September from a reading of 58.6 in August. Analysts had expected the index to decline to 57.4 last month.
The U.S. Labor Department on Thursday said the employment report for September will not be released as scheduled on Friday due to the government shutdown. It said a new release date had not been set.
Markets were also considering how the U.S. political deadlock will impact negotiations to raise the U.S. debt ceiling, which the U.S. Treasury Department has estimated will be reached by October 17.
Speaking overnight, International Monetary Fund head Christine Lagarde said the failure to raise the U.S. debt ceiling could hurt the global economy and warned U.S. growth could drop below 2% this year.
The euro was hovering near eight-month highs against the dollar, with EUR/USD easing 0.06% to 1.3611.
Earlier Friday, official data showed that producer price inflation in Germany fell 0.1% in August, confounding expectations for a 0.1% rise, after a 0.1% slip the previous month.
The dollar was higher against the pound and the Swiss franc, with GBP/USD down 0.25%, to 1.6115 and with USD/CHF adding 0.13%, to hit 0.9005.
Elsewhere, the greenback was steady to lower against its Australian, New Zealand and Canadian counterparts, with AUD/USD climbing 0.47% to 0.9438, NZD/USD edging up 0.13% to trade at 0.8304 and USD/CAD inching 0.04% higher to 1.0336.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.06% to 79.92.