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U.S. dollar mixed amid data, Fed official's comments

Xinhua, March 31, 2017 Adjust font size:

The U.S. dollar ended mixed against other major currencies on Friday as investors were digesting the latest economic data and Federal Reserve official's remarks.

U.S. personal income increased 57.7 billion U.S. dollars, or 0.4 percent in February, in line with market consensus, according to estimates released Friday by the Commerce Department.

In February, personal consumption expenditures (PCE) increased 7.4 billion dollars, or 0.1 percent, slightly below market expectations of 0.2 percent.

Meanwhile, the final reading of the consumer sentiment for March came in at 96.9, missing market consensus of 97.6, said the Thomson Reuters/University of Michigan index of consumer sentiment on Friday.

New York Fed President William Dudley said on Friday that "there's not this huge rush that we have to tighten monetary policy quickly" because "the economy is clearly not overheating."

The greenback was under pressure as the overall downbeat data and dovish remarks from Fed policymaker dented market sentiment for more than three rate-hikes this year.

The dollar index, which measures the greenback against six major peers, was down 0.09 percent at 100.320 in late trading.

In late New York trading, the euro stayed flat at 1.0685 dollars, and the British pound climbed to 1.2539 dollars from 1.2483 U.S. dollars in the previous session. The Australian dollar decreased to 0.7645 U.S. dollar from 0.7655 U.S. dollar.

The U.S. dollar bought 111.28 Japanese yen, lower than 111.58 yen of the previous session. The U.S. dollar rose to 1.0008 Swiss francs from 1.0004 Swiss francs, and it edged down to 1.3295 Canadian dollars from 1.3307 Canadian dollars. Enditem