Investing.com - The dollar held gains against a basket of other major currencies on Friday, as trading volumes were expected to remain thin ahead of the Thanksgiving Day weekend.
EUR/USD touched session highs of 1.2490 and last at 1.2462, steady for the day.
Sentiment on the euro remained vulnerable after 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.
A separate report showed that the euro zone's unemployment rate remained unchanged at 11.5% last month, in line with expectations.
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.
USD/JPY was up 0.68% to 118,53, while USD/CHF held steady at 0.9640.
A preliminary report earlier 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 slid lower against the dollar, with GBP/USD down 0.61% to 1.5640.
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 retreating 0.43% to 0.8505 and NZD/USD falling 0.30% to 0.7846. Meanwhile, USD/CAD reached fresh three-week highs at 1.1426, up 0.83% for the day.
In a report, Statistics Canada said the country's gross domestic product rose 0.4% in September, in line with expectations, after a 0.1% contraction the previous month.
Year-on-year, Canada's economy grew 2.8% in the third quarter, beating expectations for a 2.1% expansion, after an upwardly revised growth rate of 3.6% in the three months to June.
The US dollar index, which tracks the performance of the greenback against a basket of six major currencies, was up 0.25% to 88.24.