The dollar was mixed on Friday with month-end selling after a recent rally, as traders saw little in weak first-quarter US gross domestic product data to discourage bets the Federal Reserve will start raising interest rates in 2015. The dollar index was up 0.10 percent and remained on track to a rise for May, resuming a string that began last July of nearly uninterrupted monthly gains for the index of six major currencies traded against the greenback.
"Underlying sentiment remains positive but the dollar is seeing some profit taking and month-end, book-balancing catch-up after its recent advance," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington. The dollar was off 0.30 percent at $1.0978 against the euro, which was benefiting from hopes a deal may soon be reached between Greece and its creditors, according to Wizman.
Traders cited a warning from Japanese Finance Minister Taro Aso as a factor behind the dollar's move away from Thursday's high of 124.46 yen. That was a 12-1/2 year peak for the dollar which was last trading at 123.85, off 0.08 percent. The dollar rose against the Canadian dollar, which was stung by data showing the country's economy shrunk in the first quarter.
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