The U.S. dollar decreased on Friday amid rising euro as inflation in the 19-country euro zone was expected to decline in January, which was in line with analysts' expectations.
Euro area inflation was expected to fall to 1.4 percent in January from 1.6 percent a month earlier, according to a flash estimate released by the statistical office of the European Union on Friday.
Besides, the U.S. Federal Reserve's pledged patience on future interest rate moves has continued to weigh down the greenback in global foreign exchange markets.
The Fed decided on Wednesday to keep interest rates unchanged and pledged patience in future interest rates policy, signaling more caution on its outlook.
"In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes," the Federal Open Market Committee said in a statement.
That would possibly increase the money flow in global financial markets later this year, which makes the dollar less valuable compared with other currencies.
In late New York trading, the euro increased to 1.1460 dollars from 1.1444 dollars in the previous session, and the British pound was down to 1.3082 U.S. dollars from 1.3111 dollars in the previous session. The Australian dollar fell to 0.7250 dollar from 0.7264.
The U.S. dollar bought 109.51 Japanese yen, higher than 108.87 Japanese yen of the previous session. The dollar rose to 0.9951 Swiss franc from 0.9946 Swiss franc, and it decreased to 1.3087 Canadian dollars from 1.3131 Canadian dollars.
