Key Points
NEW YORK (Reuters) The dollar slipped broadly on Friday as traders booked profits after recent gains but the U.S. currency remained well-placed for further advances, supported by strong U.S. economic data that has prompted markets to dial back expectations for interest rate cuts...
Data on Friday showed new orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of these goods also increased, suggesting a pickup in business spending on equipment early in the second quarter...
This follows Thursdays data that showed U.S. business activity in May accelerated to the highest level in just over two years and manufacturers reported surging input prices...
For as much as expectations of easing from the Federal Reserve have cooled off over the last week, its a similar story for central bankers around the world ECB rate cut changes have also downshifted after lots of official commentary since Monday, said Helen Given, FX trader at Monex USA in Washington...
Data showed wet weather hit UK consumer spending far more than expected in April, but evidence of sticky inflation, and the surprise announcement this week of a July general election kept sterling near two-month highs...
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