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Dollar index slips lower, U.S. data on tap

© Reuters. Dollar edges lower vs. rivals but remains supported

Investing.com - The dollar slipped lower against the other major currencies on Friday, as markets eyed upcoming data on U.S. consumer sentiment, although demand for the greenback remained supported by the previous session's second quarter U.S. growth report.

The greenback strengthened after the Commerce Department reported on Thursday that U.S. gross domestic product expanded at an annual rate of 2.3% in the three months to June. First quarter growth was revised up to 0.6% from a previously reported contraction of 0.2%.

Although economists had forecast growth of 2.6% the report still indicated that the economy is on a solid footing.

The data came after the Federal Reserve said in its rate statement on Wednesday that the economy and the labor market had continued to...


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