Dollar slips with US economic data in focus

The US dollar slipped against most of its peers on Friday, after the release of strong economic data, which signals the US gradual economic recovery from the coronavirus pandemic economic impact.

The data showed yesterday that the US retail sales rose 9.8% during March, beating forecasts of 5.8%, and the core reading showed a rise by 8.4% in March, better than forecasts of 5.1%.

The US unemployment claims fell to 576K during the past week, better than forecasts of 703K. 

Preliminary results from the University of Michigan Survey of Consumers, showed that the index rose to 86.5 points in April, slightly lower than forecasts of 88.9 points

The dollar index fell against a basket of major currencies by 0.1% to 91.6 points as of 18:18 GMT, after hitting a high of 91.8 points and a low of 91.4 points.