U.S. dollar retreats amid Trump's inauguration

The U.S. dollar fell against other major currencies on Friday as investors pondered over President Donald Trump's inauguration speech.

Trump was sworn in on Friday as the 45th president of the United States. In his inauguration address, Trump pledged to put "America first," reigniting some worries of protectionist policies. But he did not touch on specific economic or trade policies.

"From this day forward, a new vision will govern our land. From this day forward, it's going to be only America first, America first," Trump said.

He said the new administration will rebuild infrastructures of the country by following "two simple rules: buy American and hire American."

There is no major economic report due out Friday.

The dollar index, which measures the greenback against six major peers, decreased 0.37 percent at 100.78 in late trading Friday.

In late New York trading, the euro fell to 1.0656 dollars from 1.0662 dollars in the previous session, and the British pound climbed to 1.2335 dollars from 1.2282 U.S. dollars in the previous session. The Australian dollar increased to 0.7554 dollar from 0.7533 dollar.

The U.S. dollar bought 114.83 Japanese yen, lower than 113.67 yen of the previous session. The U.S. dollar gained to 1.0075 Swiss francs from 1.0047 Swiss francs, and it moved up to 1.3323 Canadian dollars from 1.3244 Canadian dollars. Enditem