© Reuters. Dollar loses ground vs. other majors, U.S. data on tap Investing.com – The dollar slipped lower against the other major currencies on Friday, as the previous session’s downbeat U.S. data continued to weigh and as investors eyed the release of additional U.S. reports later in the day.
The dollar was lower against the yen, with down 0.54% at 120.48.
The dollar came under pressure after the Commerce Department reported on Thursday that grew at an annual rate of 1.5% in the three months to September, missing expectations for growth of 1.6%.
In addition, the U.S. National Association of Realtors said its dropped 2.3% last month, disappointing expectations for a gain of 1.0%.
The greenback had strengthened broadly after said that officials might make a decision to raise interest rates at their December meeting.
Market participants were now looking ahead to reports on employment costs and U.S. personal spending due later in the day, for further indications on the strength of the economy.
Meanwhile, the yen gained ground after the Bank of Japan refrained from adding additional monetary easing measures at its monthly policy meeting on Friday.
rose 0.26% to trade at 1.1005.
Eurostat, the statistical body of the European Union, reported that was flat in September, compared to expectations for a 0.1% uptick, after a 0.1% dip the previous month.
Data also showed that the single currency bloc’s slipped to 10.8% last month from 10.9% in August, whose figure was revised from a previously estimated 11.0%. Analysts had expected the unemployment rate to remain at 11.0% in September.
Elsewhere, the dollar was lower against the pound, with up 0.24% at 1.5347 and with slipping 0.17% to 0.9877.
In Switzerland, the came in at 99.8 this month, below expectations for 100.0 and down from a revised reading of 100.3 in September.
The Australian and New Zealand dollars were stronger, with up 0.40% at 0.7102 and with climbing 0.81% to 0.6749.
Data earlier showed that the fell to 10.5 in October from 18.9 the previous month, compared to expectations for a drop to 10.0.
Meanwhile, fell 0.17% to trade at 1.3150.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.31% at 97.06, still close to Wednesday’s two-and-a-half month highs of 97.89.
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Greenback slips decrease on U.S. knowledge, extra studies forward
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