Investing.com - The dollar pushed lower to hit a fresh one-week trough against the other major currencies on Friday, as the release of positive U.S. housing sector data failed to boost optimism over the strength of the economy.
EUR/USD gained 0.46% to 1.1203, the highest since June 19.
The U.S. Commerce Department said new home sales rose by 2.9% to 610,000 units in May from the prior month’s revised reading of 593,000. Analysts had expected a 5.4% increase from the previous month’s initial reading to a total of 597,000 units in June.
In the euro zone, research group Markit earlier reported that its German flash manufacturing purchasing managers’ index slipped to 59.3 in June from 59.5 the previous month, compared to expectations for a decline to 59.0.
The German services PMI fell to 53.7 from 55.4.
For the entire single currency bloc, the composite PMI, which includes manufacturing and service sector activity, declined to 55.7 in May from 56.8 the previous month, disappointing expectations for a downtick to only 56.2.
GBP/USD gained 0.37% to trade at 1.2730 after British Prime Minister Theresa May on Thursday laid out what she called a "fair deal" for EU citizens living in the U.K., saying that she did not want to split up families or for people to have to leave due to Brexit.
Elsewhere, USD/JPY held steady at 111.28, while USD/CHF slid 0.35% to 0.9686.
The Australian and New Zealand dollars were stronger, with AUD/USD up 0.40% at 0.7571 and with NZD/USD rising 0.23% to 0.7282.
Meanwhile, USD/CAD added 0.25% to 1.3267 after Statistics Canada said the consumer price index increased by 0.1% in May, compared to forecasts for a 0.2% rise and after a 0.4% increase in April.
Year-on-year, consumer prices advanced 1.3% last month, compared to expectations for a 1.5% rise.
Core CPI, which excludes food and energy, rose by 0.1% in May, after a flat reading in April.
The commodity-related loonie had strengthened earlier thanks to a rebound in oil prices, although the commodity’s gains were expected to remain limited by ongoing concerns over a global supply glut.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.35% at a fresh one-week low of 96.92.