Investing.com

Investing.com - The dollar was broadly higher against the other major currencies in subdued trade on Friday, as the greenback regained some ground after weakening broadly on Thursday following the release of downbeat U.S. economic reports.



The dollar was higher against the euro, with EUR/USD down 0.17% to 1.3672.

The dollar came under broad selling pressure on Thursday after data showed that initial jobless claims rose in line with expectations last week, but the number of continuing jobless claims remained above the three million mark for the second successive week.



In addition, U.S. factory output fell to a three-month low in January, due to disruption from unseasonable cold weather.



The U.S. manufacturing PMI declined to 53.7 this month from a final reading of 55.0 in December. Analysts had expected the index to hold steady.

The pound edged lower against the dollar, with GBP/USD easing 0.09% to 1.6623.

In a report, the British Bankers'' Association said mortgage approvals rose by GBP46,500 in December, less than the expected 47,200 increase, after an upwardly revised 45,400 rise the previous months.



The dollar was lower against the yen, with USD/JPY retreating 0.58% to 102.68, and steady against the Swiss france, with USD/CHF up 0.01% to 0.8973.

The greenback was mixed to higher against the Australian, New Zealand and Canadian dollars, with AUD/USD tumbling 0.90% to 0.8689, NZD/USD shedding 0.37% to 0.8271 and USD/CAD down 0.38% to 1.1058.

The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.04% to 80.55.





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