Investing.com - The dollar was mixed against the other major currencies on Thursday, after disappointing U.S. data on Wednesday sparked expectations that the Federal Reserve will keep rates hold for longer.
The dollar edged higher against the euro, with EUR/USD down 0.10% to 1.3616.
The dollar came under pressure after the Commerce Department on Wednesday said gross domestic product contracted at an annual rate of 2.9% in the first three months of the year, compared to the consensus forecast for a decline of 1.7%.
U.S. first quarter GDP was initially reported to have increased by 0.1%, but was subsequently revised to show a contraction of 1.0%.
The difference between the second and third estimate was the largest since records began in 1976, the Commerce Department said.
A separate report showed that U.S. durable goods orders fell 1.0% in May, the first decline in four months.
The pound held steady against the dollar, with GBP/USD inching up 0.02% to 1.6986.
The dollar was lower against the yen, with USD/JPY slipping 0.10% to 101.77 and higher against the Swiss franc, with USD/CHF adding 0.10% to 0.8936.
The greenback was steady to lower against the Australian, New Zealand and Canadian dollars, with AUD/USD up 0.06% to 0.9412, NZD/USD gaining 0.35% to 0.8768 and USD/CAD falling 0.10% to 1.0709.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.04% to 80.29.
Later in the day, the U.S. was to release data on personal income and expenditure, as well as data on inflation linked to personal spending.
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