Dollar Erases Most Daily Gains to Settle Marginally Higher

The U.S. Dollar (USD) gave up most of its gained on Friday, which were supported by the positive economic data.

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up for the day by less than 0.1% at 90.06.

Early in the American session, the index surged as high as 90.44, while lowest level was at 89.98, but remained almost entirely in the positive territory as the index closed Thursday at 89.97.

Recent data affirmed the high economic growth rate in the U.S. at 6.2% during the first quarter of the year, as well as a decline in jobless claims.

Today, the decline in personal incomes in the U.S. came better than expected, while the personal consumption index stabilized on a monthly basis and surged on the yearly level exceeding expectations.