Investing.com - The dollar trimmed losses against the other majors currencies on Friday, after the release of mixed data on retail sales and producer price inflation from the U.S., while concerns over the Trump administration’s future policies continued to dampen demand for the greenback.EUR/USD gained 0.26% to 1.0640, close to the previous session’s five-week highs of 1.0687.
The U.S. Census Bureau said retail sales rose 0.6% in December, disappointing expectations for a 0.7% gain. November’s 0.1% uptick was revised to an increase of 0.2%.
Core retail sales, which exclude automobiles, gained 0.2% last month, compared to expectations for a 0.5% climb.
A separate report showed that the U.S. producer price index edged up 0.3% in December, in line with expectations and after a 0.4% increase the previous month.
Year-on-year, producer prices increased 1.6%, in line with forecasts.
But the greenback was still under pressure since U.S. President-elect Donald Trump failed to offer details on his promises to boost fiscal spending and cut taxes at a highly-anticipated news conference on Wednesday.
In addition, St. Louis Federal Reserve bank president James Bullard said on Thursday that the election of Donald Trump has not yet switched the U.S. economy to a new "regime" that requires a quick rise in interest rates, which can remain "fairly low" at least through 2017.
Elsewhere, GBP/USD was up 0.06% to 1.2154, off session highs of 1.2233 and not far from Wednesday’s three-month lows of 1.2036.
USD/JPY held steady at 114.78, just off Thursday’s five-week trough of 113.73, while USD/CHF slipped 0.23% to 1.0084.
The Australian dollar trimmed earlier gains, with AUD/USD little changed at 0.7489, while NZD/USD rose 0.37% to 0.7122.
Meanwhile, USD/CAD eased 0.08% to trade at 1.3133.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.24% at 101.22, off session lows of 100.97 but still close to the previous session’s one-month low of 100.70.