Greenback regular, pulls again from 1-1/2 week highs

© Reuters.  Dollar pares gains vs. rivals, U.S. data still supports© Reuters. Dollar pares gains vs. rivals, U.S. data still supports

Investing.com – The dollar pared gains against the other major currencies on Friday, pulling back from a one-and-a-half week high although the release of globally positive U.S. economic reports lent some support.

In a revised report, the University of Michigan said its hit 91.2 in September, up from a previous estimate of 89.8 and beating expectations for a reading of 90.0.

Data also showed that the rose to 54.2 this month from 51.5 the previous month, exceeding expectations for an uptick to 52.0.

The reports came after the U.S. Commerce Department said was unchanged in August from the prior month, below expectations for a 0.1% rise, and compared to a 0.4% gain in July.

was little changed at 1.1218, off lows of 1.1153 hit earlier in the session.

Official data on Friday showed that rose by a 0.4% this month, in line with forecasts and following a final reading of a 0.2% advance in August.

, which excludes food, energy, alcohol, and tobacco costs, increased by 0.8% in September, compared to expectations for a 0.9% gain and the previous month’s 0.8% increase.

gained 0.30% to 101.32, after hitting a one-week high of 101.86 on Thursday.

The pound was steady, with at 1.2973, not far from last week’s one-month low of 1.2912, while climbed 0.52% to 0.9711.

The U.K. Office for National Statistics reported on Friday that rose 0.7% in the second quarter, up from a previous estimate of 0.6% and compared to expectations for 0.6%.

However, on an annual basis, increased 2.1% in the second quarter, up from a previous estimate of 1.9% but below expectations for a growth rate of 2.2%.

The Australian and New Zealand dollars were stronger, with up 0.33% at 0.7659 and with rising 0.23% to 0.7271.

Elsewhere, slipped 0.26% to trade at 1.3110 after Statistics Canada said the country’s rose 0.5% in July, exceeding expectations for a 0.3% uptick and following a growth rate of 0.6% the previous month.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 95.42, after rising to the highest level since September 21 earlier in the session.

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