U.S. dollar slips amid economic data

The U.S. dollar inched lower in late trading on Friday as market participants digested latest economic data.

The dollar index, which measures the greenback against six major peers, fell 0.06 percent at 91.5590.

In late New York trading, the euro was up to 1.1978 U.S. dollars from 1.1975 dollars in the previous session, and the British pound was up to 1.3833 dollars from 1.3791 U.S. dollars in the previous session. The Australian dollar was down to 0.7732 U.S. dollar from 0.7754 dollar.

The U.S. dollar bought 108.79 Japanese yen, higher than 108.65 Japanese yen of the previous session. The U.S. dollar was down to 0.9198 Swiss franc from 0.9217 Swiss franc, and it fell to 1.2501 Canadian dollars from 1.2536 Canadian dollars.

On the data front, U.S. privately-owned housing starts surged 19.4 percent in March to a 1.74 million annualized rate, the Commerce of Department reported on Friday. The median estimate in a Bloomberg survey called for a 1.61 million pace.