Investing.com - The U.S. dollar traded mixed against its major rivals during Friday’s Asian session following an onslaught of data points from major global economies.
In Asian trading Friday, EUR/USD fell 0.05% to 1.3483. Later Friday, Germany is to produce preliminary data on consumer inflation, while France is to release a report on consumer spending. ECB President Mario Draghi is to speak at an event in Milan.
USD/JPY dropped 0.13% to 98.89 after Japan’s Statistics Bureau said Japan’s core consumer price inflation rose 0.8% last month after a 0.7% increase in July. Analysts expected an August increase of 0.7%.
The Statistics Bureau also said that Tokyo’s core CPI, which excludes fresh food costs, fell 0.2% in August. Analysts expected a decline of 0.3%.
GBP/USD inched down 0.02% to 1.6038 after data showed U.K. consumer confidence increased to negative 10 in August from a July reading of negative 13. Analysts expected an August reading of negative 11.
On Thursday, sterling fell after official data showed that the U.K. economy expanded by 0.7% in the second quarter, in line with market expectations.
On a yearly basis, U.K. gross domestic product rose 1.3% in the three months to June, compared to expectations for a 1.5% increase.
A separate report showed that the U.K. current account deficit narrowed less-than-expected in the last quarter, improving to GBP13 billion from a deficit of GBP21.8 billion in the three months to March. Analysts had expected the current account deficit to narrow to GBP12 billion in the second quarter.
USD/CHF inched up 0.01% to 0.9106 while USD/CAD nudged higher by 0.02% to 1.0313.
In U.S. economic news out Thursday, the Commerce Department’s third estimate of second-quarter U.S. GDP growth was 2.5%, matching the second estimate released last month. Consumer spending rose 1.8% in the second quarter after increasing 2.3% in the first quarter.
The Labor Department said initial claims for jobless benefits fell by 5,000 to 305,000 last week. Economists were expecting an increase to 327,000 claims. The less volatile four-week moving average fell by 7,000 to 308,000, the lowest reading since June 2007.
The National Association of Realtors said pending home sales dropped 1.6% last month after a downwardly revised 1.4% drop in July. Economists expected a 1% August decline. Purchases rose 2.9% on a year-over-year basis.
AUD/USD was flat at 0.9361 while NZD/USD fell 0.08% to 0.8286. The U.S. Dollar Index was slightly higher by 0.03% at 80.66.
In Asian trading Friday, EUR/USD fell 0.05% to 1.3483. Later Friday, Germany is to produce preliminary data on consumer inflation, while France is to release a report on consumer spending. ECB President Mario Draghi is to speak at an event in Milan.
USD/JPY dropped 0.13% to 98.89 after Japan’s Statistics Bureau said Japan’s core consumer price inflation rose 0.8% last month after a 0.7% increase in July. Analysts expected an August increase of 0.7%.
The Statistics Bureau also said that Tokyo’s core CPI, which excludes fresh food costs, fell 0.2% in August. Analysts expected a decline of 0.3%.
GBP/USD inched down 0.02% to 1.6038 after data showed U.K. consumer confidence increased to negative 10 in August from a July reading of negative 13. Analysts expected an August reading of negative 11.
On Thursday, sterling fell after official data showed that the U.K. economy expanded by 0.7% in the second quarter, in line with market expectations.
On a yearly basis, U.K. gross domestic product rose 1.3% in the three months to June, compared to expectations for a 1.5% increase.
A separate report showed that the U.K. current account deficit narrowed less-than-expected in the last quarter, improving to GBP13 billion from a deficit of GBP21.8 billion in the three months to March. Analysts had expected the current account deficit to narrow to GBP12 billion in the second quarter.
USD/CHF inched up 0.01% to 0.9106 while USD/CAD nudged higher by 0.02% to 1.0313.
In U.S. economic news out Thursday, the Commerce Department’s third estimate of second-quarter U.S. GDP growth was 2.5%, matching the second estimate released last month. Consumer spending rose 1.8% in the second quarter after increasing 2.3% in the first quarter.
The Labor Department said initial claims for jobless benefits fell by 5,000 to 305,000 last week. Economists were expecting an increase to 327,000 claims. The less volatile four-week moving average fell by 7,000 to 308,000, the lowest reading since June 2007.
The National Association of Realtors said pending home sales dropped 1.6% last month after a downwardly revised 1.4% drop in July. Economists expected a 1% August decline. Purchases rose 2.9% on a year-over-year basis.
AUD/USD was flat at 0.9361 while NZD/USD fell 0.08% to 0.8286. The U.S. Dollar Index was slightly higher by 0.03% at 80.66.