Investing.com - The dollar edged higher against the other major currencies on Friday, but gains were expected to remain limited as growing speculation that the Federal Reserve will refrain from tapering its stimulus program this year still weighed.
During European afternoon trade, the dollar was steady against the yen, with USD/JPY inching 0.03% higher to 97.30.
In a report, the Census Bureau said that U.S. core durable goods orders, which exclude transportation items, fell 0.1% in September, confounding expectations for a 0.5% rise, after a 0.1% decline the previous month.
U.S. durable goods orders rose 3.7% last month, exceeding expectations for a 2% increase, after a 0.1% rise in August.
The dollar remained under broad selling pressure after disappointing U.S. employment reports this week added to expectations that the Fed will delay tapering its stimulus program until next year amid concerns over the impact of the 16-day U.S. government shutdown on the economic recovery.
On Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits declined by a lower than expected 12,000 last week to 350,000, while a separate report earlier in the week showed that U.S. jobs growth slowed in September.
In Japan, official data showed that the Tokyo core consumer price index, which excludes fresh food, rose by an annualised rate of 0.3% in October, in line with expectations, after a 0.2% rise the previous month.
The euro edged lower against the dollar, with EUR/USD slipping 0.12% to 1.3785.
Earlier in the day, the Ifo Institute for Economic Research said Germany's business climate index fell to 107.4 in October, from a reading of 107.7 the previous month, confounding expectations for a rise to 108.0.
The dollar was also higher against the pound and the Swiss franc, with GBP/USD edging down 0.08% to 1.6189, and with USD/CHF rising 0.27% to hit 0.8948.
The pound found support after preliminary data showed that the U.K. gross domestic product rose 0.8% in the third quarter, in line with expectations and up from 0.7% in the previous quarter.
Elsewhere, the greenback was broadly higher against its Australian, New Zealand and Canadian counterparts, with AUD/USD shedding 0.27% to 0.9596, NZD/USD retreating 0.48% to trade at 0.8315 and USD/CAD up 0.20% to 1.0441.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.07% to 79.31.
Later in the day, the U.S. was to release revised data on consumer sentiment from the University of Michigan.
During European afternoon trade, the dollar was steady against the yen, with USD/JPY inching 0.03% higher to 97.30.
In a report, the Census Bureau said that U.S. core durable goods orders, which exclude transportation items, fell 0.1% in September, confounding expectations for a 0.5% rise, after a 0.1% decline the previous month.
U.S. durable goods orders rose 3.7% last month, exceeding expectations for a 2% increase, after a 0.1% rise in August.
The dollar remained under broad selling pressure after disappointing U.S. employment reports this week added to expectations that the Fed will delay tapering its stimulus program until next year amid concerns over the impact of the 16-day U.S. government shutdown on the economic recovery.
On Thursday, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits declined by a lower than expected 12,000 last week to 350,000, while a separate report earlier in the week showed that U.S. jobs growth slowed in September.
In Japan, official data showed that the Tokyo core consumer price index, which excludes fresh food, rose by an annualised rate of 0.3% in October, in line with expectations, after a 0.2% rise the previous month.
The euro edged lower against the dollar, with EUR/USD slipping 0.12% to 1.3785.
Earlier in the day, the Ifo Institute for Economic Research said Germany's business climate index fell to 107.4 in October, from a reading of 107.7 the previous month, confounding expectations for a rise to 108.0.
The dollar was also higher against the pound and the Swiss franc, with GBP/USD edging down 0.08% to 1.6189, and with USD/CHF rising 0.27% to hit 0.8948.
The pound found support after preliminary data showed that the U.K. gross domestic product rose 0.8% in the third quarter, in line with expectations and up from 0.7% in the previous quarter.
Elsewhere, the greenback was broadly higher against its Australian, New Zealand and Canadian counterparts, with AUD/USD shedding 0.27% to 0.9596, NZD/USD retreating 0.48% to trade at 0.8315 and USD/CAD up 0.20% to 1.0441.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.07% to 79.31.
Later in the day, the U.S. was to release revised data on consumer sentiment from the University of Michigan.