RTTNews - The euro held most of its gains from the previous session versus the dollar on Friday as traders sifted through a pile of economic data from all around the world.
Movements in equities markets continued to drive trade, as the euro pulled back a bit after US stocks weakened, fueling some risk aversion.
The euro moved to 1.4330 against the buck, staying within a cent of yesterday's high-water mark. Still, the euro has been unable to break above an 8-month high of 1.4446, set earlier in August.
Versus the yen, the euro ticked slightly lower to 134.15. The euro has leveled off since hitting a 2009 high of 139.21 earlier this summer.
Eurozone economic sentiment rose for the fifth consecutive month in August after reaching the trough in March, the latest survey by the European Commission revealed Friday.
The economic sentiment indicator stood at 80.6 in August, up from 76 in July and better than the expected reading of 78.
UK's economic contraction for the second quarter was not as severe as initially estimated. Still, annual decline was the biggest since records began in 1955.
The British economy shrank 0.7% sequentially in the second quarter.
Across the Atlantic, Reuters and the University of Michigan released their final report on US consumer sentiment in the month of August on Friday, showing that their consumer sentiment index was upwardly revised by much more than economists had been expecting.
The report showed that the consumer sentiment index came in at 65.7 in August compared.
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