Investing.com - The dollar remained mixed against the other major currencies on Friday, after the release of positive U.S. personal income and expenditure, while U.S. budget concerns and uncertainty over the future of the Federal Reserve's stimulus program persisted.
During European afternoon trade, the dollar was lower against the yen, with USD/JPY retreating 0.56% to 98.47.
The yen gained ground against the dollar after Japanese Finance Minister Taro Aso said that he is not thinking of lowering the corporate tax rate.
In the U.S., official data showed that U.S. personal spending rose 0.3% in August, in line with expectations, after an upwardly revised 0.2% increase the previous month.
Data also showed that personal income in the U.S. rose 0.4% last month, as expected, after an upwardly revised 0.2% gain in July.
A separate report showed that core personal consumption expenditures, excluding food and energy, rose 0.2% in August, more than the expected 0.1% gain, after a 0.1% increase in July.
The reports came amid ongoing uncertainty over whether the Fed will soon begin taperints bond-buying program. Three top Fed officials said on Thursday the central bank had confused markets over its policy outlook.
Separately, U.S. budget concerns persisted after Republican leaders in the U.S. House of Representatives refused on Thursday to give in to President Barack Obama's demand for straightforward bills to run the government beyond September 30 and to increase borrowing authority to avoid a default.
Elsewhere, the euro pushed higher against the dollar, with EUR/USD climbing 0.40% to 1.3543.
Preliminary data earlier showed that German consumer price inflation was flat in September, in line with market expectations.
The dollar was lower against the pound and the Swiss franc, with GBP/USD gaining 0.34% to 1.6095 and USD/CHF declining 0.69% to trade at 0.9041.
Sterling strengthened after Bank of England Governor Mark Carney said to the Yorkshire Post that hhe sees no need for more bond-buying given the signs of recovery in the U.K. economy.
Earlier Friday, industry data showed that U.K. house price inflation rose 0.9% this month, exceeding expectations for a 0.5% gain, after an upwardly revised 0.7% rise in August.
In Switzerland, data showed that the KOF economic barometer rose to 1.53 in September, from an upwardly revised reading of 1.37 the previous month, compared to expectations for a rise to 1.47.
Elsewhere, the greenback was broadly higher against its Australian, New Zealand and Canadian counterparts, with AUD/USD retreating 0.54% to 0.9309, NZD/USD shedding 0.42% to 0.8257 and USD/CAD edging up 0.09% to 1.0319.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.36% to 80.35.
Later in the day, the U.S. was to release revised data on consumer sentiment and inflation expectations from the University of Michigan.
During European afternoon trade, the dollar was lower against the yen, with USD/JPY retreating 0.56% to 98.47.
The yen gained ground against the dollar after Japanese Finance Minister Taro Aso said that he is not thinking of lowering the corporate tax rate.
In the U.S., official data showed that U.S. personal spending rose 0.3% in August, in line with expectations, after an upwardly revised 0.2% increase the previous month.
Data also showed that personal income in the U.S. rose 0.4% last month, as expected, after an upwardly revised 0.2% gain in July.
A separate report showed that core personal consumption expenditures, excluding food and energy, rose 0.2% in August, more than the expected 0.1% gain, after a 0.1% increase in July.
The reports came amid ongoing uncertainty over whether the Fed will soon begin taperints bond-buying program. Three top Fed officials said on Thursday the central bank had confused markets over its policy outlook.
Separately, U.S. budget concerns persisted after Republican leaders in the U.S. House of Representatives refused on Thursday to give in to President Barack Obama's demand for straightforward bills to run the government beyond September 30 and to increase borrowing authority to avoid a default.
Elsewhere, the euro pushed higher against the dollar, with EUR/USD climbing 0.40% to 1.3543.
Preliminary data earlier showed that German consumer price inflation was flat in September, in line with market expectations.
The dollar was lower against the pound and the Swiss franc, with GBP/USD gaining 0.34% to 1.6095 and USD/CHF declining 0.69% to trade at 0.9041.
Sterling strengthened after Bank of England Governor Mark Carney said to the Yorkshire Post that hhe sees no need for more bond-buying given the signs of recovery in the U.K. economy.
Earlier Friday, industry data showed that U.K. house price inflation rose 0.9% this month, exceeding expectations for a 0.5% gain, after an upwardly revised 0.7% rise in August.
In Switzerland, data showed that the KOF economic barometer rose to 1.53 in September, from an upwardly revised reading of 1.37 the previous month, compared to expectations for a rise to 1.47.
Elsewhere, the greenback was broadly higher against its Australian, New Zealand and Canadian counterparts, with AUD/USD retreating 0.54% to 0.9309, NZD/USD shedding 0.42% to 0.8257 and USD/CAD edging up 0.09% to 1.0319.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.36% to 80.35.
Later in the day, the U.S. was to release revised data on consumer sentiment and inflation expectations from the University of Michigan.