The dollar retreated slightly on Friday with some dovish remarks by a Federal Reserve policymaker. Sour data on the U.S. economy also dampened the sanguine mood from earlier this week.
The euro bounced from a two-week low, and the dollar slipped to its low on the day versus the Japanese yen following comments from New York Fed President William Dudley. Regarded as a key member of the FOMC, Dudley said the central bank was in no rush to tighten monetary policy.
The dollar index, which tracks the greenback against six rival currencies, was little changed from its late Thursday levels at 100.40. With strong gains early in the week, it stayed on pace for its best week since mid-February.
The euro, briefly touched its lowest since March 15, posted its worst week in seven as forex investors this week have revised their expectations for when the European Central Bank will begin to tighten monetary policy.
EUR/USD was just up 0.02 percent on Friday but closed the week below 1.0700. It trades at 1.0660 to start the week.
USD/JPY rose to a 10-day high on Friday, but reversed that moveThe pair is now at 111.30 after trading above 112 on Friday.
