Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon.
The euro backed away from a two-week high against the dollar after euro zone finance ministers told Greece it will get no more aid until it strikes a full economic reform plan.
U.S. non-defense capital goods orders excluding aircraft, a proxy for business spending activity, declined 0.5 percent last month after a revised 2.2 percent drop in February, the U.S. Commerce Department said. Economists had forecast core capital goods orders gaining 0.3 percent in March, according to a Reuters poll.
Friday's durable goods report followed lukewarm data on U.S. retail sales, employment and housing starts, which suggest soggy growth that could cause Fed policymakers to delay raising rates for the first time in nearly a decade until later this year.