Dollar remains broadly higher after U.S. data

The U.S. dollar remained broadly higher against the other major currencies on Friday, as the release of globally positive U.S. data added to expectations for the Federal Reserve to scale back its bond-buying program before the year end. 

During U.S. morning trade, the dollar was higher against the euro, withEUR/USD slipping 0.18% to 1.3015. 

The greenback strengthened broadly after the University of Michigan said that its consumer sentiment index rose to 84.1 in June, from a reading of 82.7 the previous month, beating expectations for a rise to 82.8. 

The data came after a report showed that the Chicago purchasing managers' index fell to 51.6 this month, from 58.7 in May, exceeding expectations for a decline to 56.0 but still remaining in expansion territory. 

In the euro zone, official data showed that German retail sales rose 0.8% in May, beating expectations for a 0.2% gain, after a 0.1% fall the previous month. 

The greenback was also higher against the pound, with GBP/USDshedding 0.38% to 1.5201. 

The U.K. Gfk consumer confidence index improved to minus 21 in June, from a reading of minus 22 the previous month, in line with expectations.

A separate report showed that house price inflation rose 0.3% this month, as expected, after a 0.4% rise in May. 

Elsewhere, the greenback was higher against the yen, with USD/JPYadvancing 0.74% to trade at 99.10, and steady against the Swiss franc with USD/CHF easing 0.04% to 0.9446. 

Markit said Japan's manufacturing purchasing manager's index rose to 52.3 this month, from a reading of 51.5 in May, posting its fastest growth in almost two years. 

A separate report showed that industrial production in Japan rose 2% last month, exceeding expectations for a 0.2% rise, after a 0.9% increase in April. 

In addition, housing starts in Japan jumped 14.5% in May, far more than the expected 6.2% increase, after a 5.8% rise the previous month. 

In Switzerland, the KOF index of leading indicators rose to 1.16 in June, from 1.09 the previous month, disappointing expectations for a rise to 1.19. 

The greenback was higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD edging up 0.23% to 1.0501,AUD/USD tumbling 1.13% to 0.9173 and NZD/USD declining 0.64% to 0.7746. 

Official data showed that Canada's gross domestic product expanded 0.1% in April, compared to expectations for a flat reading, after a 0.2% expansion the previous month. 

A separate report showed that Canada's raw materials purchase index rose 0.2% in May, disappointing expectations for a 1% increase, after a 2.2% decline the previous month. 

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.27% to 83.39.