Investing.com

Investing.com - The dollar were mixed against the other major currencies in light trade on Friday, as the release of positive U.S. economic reports supported the greenback, but the minutes of the Federal Reserve''s latest policy meeting limited gains.



The dollar was steady against the euro, with EUR/USD up 0.03% to 1.3891.

In a preliminary report, the University of Michigan said its consumer sentiment index rose to 82.6 in April, from a reading of 80.0, compared to expectations for a rise to 81.0.



Separately, official data showed that U.S. producer price inflation rose 0.5% in March, exceeding expectations for a 0.1% gain, after a 0.1% fall the previous month.



Core producer price inflation, which excludes food, energy and trade, advanced 0.6% last month, compared to expectations for a 0.2% rise, after a 0.2% decline in February.



Meanwhile, the euro remained mildly supported after Greece made a successful return to the financial markets on Thursday, raising €3 billion in its first bond auction since 2010, when Athens sought its first bailout.

The pound was lower against the dollar, with GBP/USD sliding 0.30% to 1.6734.



The dollar was higher against the yen, with USD/JPY adding 0.13% to 101.67 and lower against the Swiss franc, with USD/CHF falling 0.13% to 0.8755.



In the minutes of the Bank of Japan''s March policy meeting, board members said "it is appropriate for the BOJ to continue to steadily pursue quantitative and qualitative monetary easing in accordance with the current guidelines."



The minutes fuelled speculation that the central bank could implement additional stimulus measures in the near future, although such a possibility was not mentionned by board members at the March policy meeting.



The greenback was steady to higher against the Australian, New Zealand and Canadian dollars, with AUD/USD slipping 0.10% to 0.9405, NZD/USD inching up 0.02% to 0.8681 and USD/CAD gaining 0.28% to 1.0966.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.08% to 79.54.





Please LIKE our Facebook page - it makes us stronger