U.S. dollar mixed on GDP data

The U.S. dollar traded mixed against other major currencies on Friday as investors were digesting the latest economic growth data from the country.

The U.S. real gross domestic product(GDP) increased at an annual rate of 0.7 percent in the first quarter, the weakest pace in three years, according to the "advance" estimate released by the Commerce Department.

The latest reading was also below market consensus of a 1.1-percent gain.

Analysts said the GDP data dented market sentiment for the Federal Reserve to raise interest rates more than twice later this year.

The dollar index, which measures the greenback against six major peers, was down 0.05 percent at 99.027 in late trading.

In late New York trading, the euro rose to 1.0895 dollars from 1.0880 dollars, and the British pound climbed to 1.2958 dollars from 1.2908 U.S. dollars in the previous session. The Australian dollar increased to 0.7486 U.S. dollar from 0.7470 U.S. dollar.

The U.S. dollar bought 111.42 Japanese yen, higher than 111.23 yen of the previous session. The U.S. dollar rose to 0.9940 Swiss franc from 0.9939 Swiss franc, and it edged up to 1.3662 Canadian dollars from 1.3623 Canadian dollars. Endit