U.S. dollar declines against other major currencies

NEW YORK, Dec. 29 (Xinhua) -- The U.S. dollar declined against other major currencies on Friday, as investors feared the dollar might face headwinds next year.

With no major economic data due out on Friday, analysts said doubts over durability of a pickup in the country's economic growth weighed on the dollar.

Meanwhile, traders still digested the news that U.S. President Donald Trump earlier this month signed a 1.5-trillion-dollar tax cut bill into law.

The tax bill, a sweeping rewrite of U.S. tax law since 1986, would cut the corporate income tax rate to 21 percent from the current 35 percent and lower individual income rates.

Trading has been lighter than usual this week as investors get ready for the New Year holiday. Financial markets will close on Monday for New Year's Day holiday.

The dollar index, which measures the greenback against six major peers, was down 0.44 percent at 92.195 in late trading.

In late New York trading, the euro was up to 1.2010 dollars from 1.1953 dollars in the previous session, and the British pound rose to 1.3519 dollars from 1.3443 U.S. dollars in the previous session. The Australian dollar increased to 0.7813 dollar from 0.7793 dollar.

The U.S. dollar bought 112.62 Japanese yen, lower than 112.87 Japanese yen of the previous session. The U.S. dollar decreased to 0.9744 Swiss franc from 0.9781 Swiss franc, and it lost to 1.2539 Canadian dollars from 1.2582 Canadian dollars. Enditem