Investing.com - The dollar edged higher against a basket of other major currencies on Friday, after data showed that U.S. consumer sentiment improved unexpectedly this month, fuelling further optimism over the strength of the economy.
The University of Michigan reported on Friday that its consumer sentiment index rose to a five-month high of 96.1 this month from 94.6 in May, exceeding expectations for an unchanged reading.
The UoM also reported that its inflation expectations for the next 12 months remained unchanged at 2.7% in June.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.21% at 95.57.
EUR/USD slipped 0.21% to 1.1180 after negotiations between Greece and its creditors broke down once again on Thursday.
Time is running out for the Greek government to secure a deal to unlock bailout funds ahead of the looming deadline for a €1.6 billion repayment to the International Monetary Fund on June 30.
If Greece misses the payment it risks going into default, which could trigger the country’s exit from the euro area.
The pound was steady, with GBP/USD at 1.5748.
Elsewhere, the dollar was higher against the yen, with USD/JPY up 0.19% at 123.87 and lower against the Swiss franc, with USD/CHF sliding 0.40% to 0.9327.
Official data earlier showed that Japan's household spending rose 2.4% last month, exceeding expectations for a 2.2% gain, after a 5.5% drop in April.
A separate report showed that Japan's consumer price index increased by an annualized rate of 0.5% in May, more than the expected 0.4% uptick, after an increase of 0.6% the previous month.
The Australian and New Zealand dollars remained weaker, with AUD/USD down 1.25% to 0.7642 and with NZD/USD retreating 1.04% to 0.6836.
Earlier Friday, data showed that New Zealand's trade surplus widened to NZ$350 million in May from NZ$183 million in April, whose figure was revised from a previously estimated surplus of NZ$123 million.
Analysts had expected the trade balance to swing into a deficit of NZ$100 million last month.
Meanwhile, USD/CAD rose 0.30% to trade at 1.2361.