Investing.com - The dollar was broadly lower against the other major currencies on Friday, as market sentiment improved after the release of upbeat economic growth reports from the euro zone.
The dollar edged lower against the euro, with EUR/USD up 0.08% to 1.3691.
The single currency found support after preliminary data showed that the euro zone''s gross domestic product expanded by 0.3% in the fourth-quarter, above expectations for a 0.2% expansion, after a 0.1% rise in the third quarter.
A separate report earlier showed that German gross domestic product rose 0.4% in the fourth quarter, exceeding expectations for a 0.3% expansion, and after a 0.3% rise in the three months to September.
In France, the GDP expanded by 0.3% in the last quarter, compared to expectations for a 0.2% rise, after a 0.1% contraction in the third quarter.
The pound was higher against the dollar, with GBP/USD rising 0.30% to 1.6708.
The pound remained supported after the BoE raised its U.K. economic growth forecast for 2014 to 3.4% from 2.8% on Wednesday.
The bank also updated its forward guidance on bank rates, saying it will not raise rates until the spare capacity in the U.K. economy has been fully absorbed, which it does not see happening until 2015.
The dollar was lower the yen and the Swiss franc, with USD/JPY shedding 0.31% to 101.85 and with USD/CHF slipping 0.11% to 0.8926.
The greenback was lower against the Australian, New Zealand and Canadian dollars, with AUD/USD climbing 0.51% to 0.8924, NZD/USD gaining 0.32% to 0.8368 and USD/CAD falling 0.20% to 1.0953.
The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.18% to 80.21.
Also Friday, official data showed that consumer price inflation in China rose 1% last month, exceeding expectations for a 0.7% gain, after a 0.3% uptick in December.
Later in the day, the U.S. was to produce the preliminary reading of the University of Michigan consumer sentiment index, as well as data on import prices and industrial production.
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