Investing.com - The dollar remained mixed against the other major currencies in subdued trade on Friday, after positive U.S. economic reports on Thursday fuelled further expectations for the Federal Reserve to begin scaling back its stimulus program in the near future.
During U.S. morning trade, the euro was higher against the dollar with EUR/USD up 0.36% at 1.3528.
The euro gained ground after the Ifo Institute for Economic Research said Germany's business climate index rose to a 19-month high of 109.3 in November, from a reading of 107.4 the previous month. Analysts had expected the index to rise to 107.7 this month.
The data conforted the idea that Germany's economic recovery is gaining momentum, after data on Thursday showed that manufacturing activity in the euro zone's biggest economy rose to a 29 month peak this month.
The single currency also remained supported after European Central Bank President Mario Draghi downplayed speculation that the bank was actively considering whether to cut deposit rates into negative territory.
Meanwhile, demand for the dollar remained supported after preliminary data on Thursday showed that U.S. manufacturing activity improved to an eight-month high of 54.3 in November, while a separate report showed that jobless claims last week fell by 21,000 to 323,000.
The minutes of the Fed's October meeting showed earlier in the week that the central bank could start scaling back the USD85 billion-a-month asset purchase program in the “coming months” if the economy continues to improve as expected.
The greenback was steady against the pound, with GBP/USD up 0.02% at 1.6203.
The dollar was little changed against the yen with USD/JPY inching down 0.02% at 101.13, and lower against the Swiss franc with USD/CHF sliding 0.47% at 0.9087.
The dollar was broadly higher against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.19% at 1.0539, AUD/USD declining 0.80% at 0.9160 and NZD/USD retreating 0.69% at 0.8149.
In Canada, official data showed that core retail sales, which exclude automobiles, were flat in September, confounding expectations for a 0.4% rise, while retail sales rose 1% in September, exceeding the expected 0.5% increase.
Consumer price inflation in Canada fell 0.2% in October, disappointing expectations for a 0.2% rise, while core consumer price inflation, which excludes rose 0.2% last month, compared to expectations for a flat reading.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.22% at 80.84.
During U.S. morning trade, the euro was higher against the dollar with EUR/USD up 0.36% at 1.3528.
The euro gained ground after the Ifo Institute for Economic Research said Germany's business climate index rose to a 19-month high of 109.3 in November, from a reading of 107.4 the previous month. Analysts had expected the index to rise to 107.7 this month.
The data conforted the idea that Germany's economic recovery is gaining momentum, after data on Thursday showed that manufacturing activity in the euro zone's biggest economy rose to a 29 month peak this month.
The single currency also remained supported after European Central Bank President Mario Draghi downplayed speculation that the bank was actively considering whether to cut deposit rates into negative territory.
Meanwhile, demand for the dollar remained supported after preliminary data on Thursday showed that U.S. manufacturing activity improved to an eight-month high of 54.3 in November, while a separate report showed that jobless claims last week fell by 21,000 to 323,000.
The minutes of the Fed's October meeting showed earlier in the week that the central bank could start scaling back the USD85 billion-a-month asset purchase program in the “coming months” if the economy continues to improve as expected.
The greenback was steady against the pound, with GBP/USD up 0.02% at 1.6203.
The dollar was little changed against the yen with USD/JPY inching down 0.02% at 101.13, and lower against the Swiss franc with USD/CHF sliding 0.47% at 0.9087.
The dollar was broadly higher against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.19% at 1.0539, AUD/USD declining 0.80% at 0.9160 and NZD/USD retreating 0.69% at 0.8149.
In Canada, official data showed that core retail sales, which exclude automobiles, were flat in September, confounding expectations for a 0.4% rise, while retail sales rose 1% in September, exceeding the expected 0.5% increase.
Consumer price inflation in Canada fell 0.2% in October, disappointing expectations for a 0.2% rise, while core consumer price inflation, which excludes rose 0.2% last month, compared to expectations for a flat reading.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.22% at 80.84.