The US dollar began to bargain mixed against its main rivals on Friday afternoon. The currency fell against the euro and the Japanese yen, but rose against the British pound after a disappointing report on UK GDP.
US economic growth continued to slow in the first quarter of 2018, according to a report released by the Commerce Department on Friday, although growth in the quarter continues to exceed the estimates of economists.
The Department of Commerce said that real gross domestic product rose 2.3 percent in the first quarter compared to a 2.9 percent jump in the fourth quarter. Economists had expected that GDP would grow by about 2.0 percent.
Given the consumer confidence level that exceeded expectations, the University of Michigan released a report on Friday, according to which consumer sentiment in the US deteriorated not as much as originally expected in April  The report says that the consumer sentiment index for April was revised upward to 98.8 with a preliminary reading of 97.8. The revised upward trend exceeded economists' estimates of 98.0, but it was still below the final March figure of 101.4.
The dollar rose to a 3-month high of 1.2054 against the euro on Friday morning, but has since retreated about up to 1.1155.
Economic sentiment in the euro area remained stable in April, as evidenced by the European Commission poll, published on Friday. The index of economic sentiment in April maintained its stability at 112.7. It is expected that the figure will drop to 112.0.
The unemployment rate in Germany fell slightly at the end of the first quarter, as evidenced by the data of the labor poll from Destatis, published on Friday. The unemployment rate declined from 3.5 percent in February to 3.4 percent in March. In the corresponding month of the previous year, the figure was 3.9 percent.
The unemployment rate in Germany remained stable in April, according to data published by the Federal Agency for Labor. The unemployment rate in April was 5.3 percent, which was the lowest since reunification in 1990. The rate was in line with expectations.
France's economic growth fell more than expectations in the first quarter, as evidenced by preliminary data from the statistical office Insee, published on Friday. Gross domestic product increased by 0.3 percent in the quarter to March, which is slower than the growth of 0.7 percent recorded in the previous quarter. Economists predicted that growth will slow to 0.4 percent.
Consumer price inflation in France remained stable in April, which is in line with expectations, a preliminary estimate from the statistical office Insee showed on Friday. The consumer price in April rose 1.6 percent compared to the same period last year, the same growth rate as in March.
France's consumer spending rose less than expected in March, as shown by data from the statistical office INSEE, published On Friday. Consumer spending in March rose 0.1 percent compared to the previous month, well below the 2.5 percent increase seen in February. Economists predicted 0.5 percent growth in the month.
The US dollar rose to a 1-1 / 2-month high of 1.3785 against the pound on Friday, from the previous low of 1.3934.
In the first quarter, the UK economy expanded the most at a slower pace in more than five years, the Office of National Statistics said on Friday.
Gross domestic product grew just 0.1 percent in the first quarter, the weakest growth since the fourth quarter of 2012. It was expected that GDP will grow by 0.3 percent. In the fourth quarter, the economy increased by 0.4 percent.
The level of consumer confidence in the UK weakened in April, after the improvement in the previous month, as evidenced by the survey data from GfK, published Friday. The consumer expectations index fell from -7 in March to -9 in April. Meanwhile, economists predicted that the index will remain stable at -7.
The Bank of Japan kept its monetary stimulus unchanged, as expected on Friday.
The US dollar reached 109.536 against the Japanese yen, but since then has returned to The unemployment rate in Japan, seasonally adjusted, was 2.5 percent in March, in line with expectations and unchanged from the previous month, the Ministry of Internal Affairs and Communications said.
Retail sales in Japan Japan fell seasonally adjusted by 0.7 percent in monthly terms in March, the Ministry of Economy, Trade and Industry said on Friday. According to forecasts, the indicator should remain at the same level after an increase of 0.5 percent in February.
Japan's industrial production in March grew by 1.2 percent, the Ministry of Economy, Trade and Industry said. This exceeded forecasts for an increase of 0.5 percent after an increase of 2.0 percent in February.
New housing construction in Japan declined for the ninth consecutive month in March, at a faster rate than expected, as reported by the Ministry of State Lands, infrastructure, transport and tourism on Friday. The volume of construction of new housing in March fell by 8.3 percent compared to the same period last year, which is much faster than the reduction of 2.6 percent recorded in February. Economists predicted a 4.8 percent decline.