Investing.com - The dollar held onto modest gains against other majors currencies on Friday, still mildly supported by the previous session's positive economic growth and as trading volumes were expected to remain ahead of the Christmas holiday.
The greenback remained mildly supported after data on Thursday showed that the U.S. economy grew 3.2% in the third quarter, which was a downward revision from the previous reading of 3.3%. It was still the fastest pace in more than two years.
The report came a day after the House of Representatives gave final approval to the biggest U.S. tax overhaul in 30 years, marking President Donald Trump's first political victory.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.11% at 92.93 by 05:15 a.m. ET (09:15 GMT).
The euro was lower, with EUR/USD down 0.21% at 1.1850, while GBP/USD held steady at 1.3389.
The single currency came under pressure after a Catalan vote on Thursday resulted in a victory for separatists, sparking fresh concerns over political turmoil in Spain.
In the U.K., the Office for National Statistics said gross domestic product expanded by 0.4% in the third quarter, in line with first estimates. Year-over-year, UK economic growth expanded 1.7% in the third quarter.
In a less positive note, another report showed that the UK current account deficit narrowed to only £22.8 billion in the last quarter from £25.8 billion in the three months to June. Analysts had expected the current account deficit to narrow to £21.2 billion in the third quarter.
The yen and the Swiss franc were little changed, with USD/JPY at 113.36 and with USD/CHF at 0.9889.
Elsewhere, the Australian dollar remained moderately higher, with AUD/USD up 0.09% at 0.7709, while NZD/USD held steady at 0.7015.
Meanwhile, USD/CAD slipped 0.15% to 1.2722.