The dollar lost out to its most major rivals on Friday, after mixed U.S. data on industrial production and consumer sentiment. Chinese inflation data boosted the Aussie and the euro advanced amid a report showing the euro-zone economic recovery picked up speed.
U.S. economic data have played into broader concerns about whether growth will slip. Investors began the year expecting the economy to accelerate, but data have disappointed to the downside, with weather being a primary factor which could be confirmed by data coming out in March. Now investors are wondering whether to downgrade their expectations or muddle through what could just be a soft patch that recedes in the spring.
U.S. economic data have played into broader concerns about whether growth will slip. Investors began the year expecting the economy to accelerate, but data have disappointed to the downside, with weather being a primary factor which could be confirmed by data coming out in March. Now investors are wondering whether to downgrade their expectations or muddle through what could just be a soft patch that recedes in the spring.