Investing.com - The dollar remained lower against a basket of other major currencies on Friday, after revised data showed that the U.S. economy grew less-than-expected in the last quarter and as markets eyed the release of additional U.S. economic reports due later in the trading session.
In a report, the Bureau of Economic Anaysis said that the U.S. gross domestic product expanded by 2.2% in the fourth quarter of 2014, below initial estimates for a growth rate of 2.6% but above expectations for 2.1%.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.26% to 95.12.
EUR/USD rose 0.21% to 1.1221 after official data showed that French consumer spending rose 0.6% last month, confounding expectations for a 0.5% fall. December's figure was revised to a 1.6% increase from a previously estimated 1.5% gain.
A separate report showed that Spanish consumer prices slipped at an annualized rate of 1.1% this month, compared to expectations for a 1.5% drop, after a 1.3% fall in January.
The dollar was steady against the yen, with USD/JPY at 119.37 and fell against the Swiss franc, with USD/CHF down 0.43% to 0.9487.
Official data earlier showed that Japan's household spending fell 0.3% last month, compared to expectations for a 0.4% rise, after a 0.4% increase in December.
Data also showed that Japan's retail sales declined at an annualized rate of 2.0% in January, more than the expected 1.3% drop, after a 0.2% uptick in December.
On the upside, preliminary data showed that Japan's industrial production increased by 4.0% in January, beating expectations for a 2.7% gain, after a 0.8% rise the previous month.
In Switzerland, data showed that the KOF economic barometer fell to 90.1 this month from 96.1 in January, whose figure was revised from a previously estimated 97.0. Analysts had expected the index to drop to 90.0 in February.
In other trade, sterling edged higher, with GBP/USD adding 0.16% to 1.5429.
The Australian, New Zealand and Canadian dollars remained broadly stronger, with AUD/USD up 0.13% to 0.7814 and NZD/USD gaining 0.35% to 0.7559, while USD/CAD slid 0.33% to 1.2475.
Data earlier showed that the ANZ business confidence index for New Zealand rose to 34.4 in January from a reading of 30.4 the previous month.
Later in the day, the U.S. was to release reports on pending home sales, business activity in the Chicago region and consumer sentiment.