Investing.com - The dollar held steady against the euro and the yen on Friday, as investors remained cautious ahead of a string of U.S. economic reports due later in the day, after mixed data on Thursday sparked uncertainty over the strength of the U.S. economy.
was little changed at 1.1265, near the previous session's two-and-a-half week low of 1.1233.
Market sentiment improved after data showed that rose by an annualized rate of 6.7% in the first quarter, in line with market expectations, following a growth rate of 6.8% in the three months to December.
Another report showed that increased by an annualized rate of 6.8% in March, exceeding expectations for a 5.9% gain, after a 5.4% rise the previous month.
The positive data eased concerns over slowdown in the world's second largest economy.
was steady at 109.45, the highest since April 7.
Market participants were eyeing the release of U.S. reports on industrial production and consumer sentiment due later Friday for further indications on the strength of the economy.
On Thursday, the U.S. Department of Labor said in the week ending April 9 decreased by 13,000 to 253,000, the lowest level since March 1973.
A separate report showed that the rose 0.1% in March, disappointing expectations for a 0.2% gain. Year-on-year, rose 0.9% last month, confounding expectations for an increase of 1.0%.
The , which measures the greenback's strength against a trade-weighted basket of six major currencies, was steady at 94.89, just below Thursday's two-and-a-half week peak of 95.21
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Source → Forex - Dollar holds steady vs. euro, yen ahead of U.S. economic reports
