Investing.com - The dollar remained broadly lower a basket of other major currencies on Friday, after the release of mixed U.S. data failed to support optimism over the strength of the economy.
In a preliminary report, the U.S. Bureau of Economic Analysis said gross domestic product slipped 0.7% in the first three months of 2015, compared to expectations for a 0.8% decline and following a growth rate of 0.2% in the last quarter of 2014.
Separately, the University of Michigan said, in a revised report, that its consumer sentiment index rose to 90.7 in May from 88.6 the previous month, compared to expectations for a rise to 89.9.
The UoM also said its inflation expectations for the next 12 months ticked down to 2.8% in May from 2.9% in April.
Data also showed that the Chicago purchasing managers' index fell to 46.2 this month from a reading of 52.3 in April, compared to expectations for an uptick to 53.0.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down -% to -, still close to Wednesday's five-week highs of 97.88.
USD/JPY edged down 0.08% to 123.85, not far from Thursday's 13-year peak of 124.47.
In Japan, data earlier showed that industrial production increased by 1.0% last month, exceeding expectations for a 0.8% rise, after a 0.8% fall in March.
A separate report showed that Japan's household spending dropped 5.5% in April, compared to expectations for a 0.7% slip, after a 2.4% rise the previous month.
Data also showed that consumer prices in Japan ticked up at an annualized rate of 0.6% last month, in line with expectations, after a 2.3% increase in March.
The euro was higher, with EUR/USD up 0.31% to 1.0980 after data showed that German retail sales rose 1.7% last month, beating expectations for a 0.8% gain.
Separately, a preliminary report showed that Spanish consumer prices slipped 0.2% this month, compared to expectations for a 0.5% decline, after a 0.6% fall in April.
But gains were capped as Greece's creditors said late Thursday that a deal to unlock rescue aid was not imminent. Athens had claimed a solution could be reached by Sunday.
The pound remained lower, with GBP/USD down 0.28% to 1.5275, while the Swiss franc pushed higher, with USD/CHF retreating 0.63% to 0.9382.
Data earlier showed that the KOF economic barometer for Switzerland rose to 93.1 this month from 89.8 in April, whose figure was revised from a previously estimated reading of 89.5. Analysts had expected the barometer to rise to 90.0 in May.
The Australian dollar was little changed, with AUD/USD at 0.7648, while NZD/USD declined 0.84% to trade at 0.7117.
USD/CAD climbed 0.50% to 1.2495, re-approaching Thursday's six-week highs of 1.2538. Data on Friday showed that Canada's GDP slipped 0.2% in March, confounding expectations for an increase of 0.2%, after a 0.1% fall from the previous month.