NEW YORK, Oct. 25 (Xinhua) — The U.S. dollar recovered against most major currencies Friday but it was still near the lowest level in two years against the euro after the release of mixed economic data.
For the week, the dollar dropped 0.8 percent versus the euro and 0.3 percent versus the Japanese yen. U.S. consumer sentiment fell to 73.2 in October, the lowest since December 2012, according to the Thomson Reuters/ University of Michigan survey, missing market consensus.
The downbeat consumption data again boosted market speculation that the U.S. Federal Reserve would keep the quantitative easing measures intact until March. The Fed will hold its next policy meeting next week and the last meeting this year is scheduled for Dec. 17-18.
The dollar has been under pressure after the belated payroll report showed the U.S. non-farm sector added few jobs than expected in September.
However, a series of positive U.S. economic data supported the dollar Friday. New orders for U.S. manufactured durable goods in September increased 3.7 percent to 233.4 billion dollars, the Commerce Department reported Friday.
The department said in a separate report that wholesale inventories advanced 0.5 percent in August, the biggest gain since January.
In late New York trading, the euro edged up to 1.3808 dollars from 1.3802 dollars of the previous session, and the British pound decreased to 1.6174 dollars from 1.6205 dollars. The Australian dollar slipped to 0.9583 dollar from 0.9613 dollar.
The dollar bought 97.35 Japanese yen, higher than 97.33 yen of the previous session. The dollar moved up to 0.8927 Swiss franc from 0.8921 Swiss franc and it went up to 1.0452 Canadian dollars from 1.0425 Canadian dollars.