Investing.com - The dollar remained broadly higher against a basket of other major currencies on Friday, despite the release of disappointing manufacturing activity data from the New York area, as markets still awaited additional U.S. economic reports due later in the day.
In a report, the Federal Reserve Bank of New York said its Empire State manufacturing index rose to 3.9 in May from minus 1.19 the previous month. Analysts had expected the index to climb to 5.00 this month.
Investors were now looking ahead to reports on U.S. industrial production and consumer sentiment, due later in the day, for further indications on the strength of the economy.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.65% to 94.01, off Thursday's four-month lows of 93.16.
EUR/USD dropped 0.64% to 1.1334, pulling away from Thursday's three-month highs of 1.1444.
Sentiment on the single currency remained vulnerable as Greek officials were set to hold talks with the euro area and the International Monetary Fund on Friday, amid mounting pressure for Athens to seal an agreement for aid as it runs out of cash reserves and time.
The pound pulled back from Thursday's six-month peak of 1.5816, with GBP/USD down 0.37% to 1.5717.
Elsewhere, the dollar was higher against the yen and the Swiss franc, with USD/JPY advancing 0.55% to 119.80 and with USD/CHF rallying 1.27% to 0.9238.
In Switzerland, the Federal Statistical Office earlier reported that the producer price index fell 2.1% in March, compared to expectations for a downtick of 0.1%, after a 0.2% rise the previous month.
Year-on-year, producer prices dropped 5.2% in March, after a 3.4% decline in February.
The Australian and New Zealand dollars were weaker, with AUD/USD down 0.94% to 0.8005 and NZD/USD declining 0.86% to 0.7436.
Meanwhile, USD/CAD gained 0.44% to trade at 1.2042 after hitting four-month lows of 1.1920 in the previous session.
Statistics Canada reported on Friday that manufacturing sales rose 2.9% in March, exceeding expectations for a 1.2% increase. The change in manufacturing sales in February was revised to a 2.2% drop from a previously estimated 1.7% fall.