The U.S. dollar fell on Friday, easing from a roughly two-month high against the yen touched in the prior session and slumping against the euro, after weaker-than-expected U.S. economic data raised doubts about whether the Federal Reserve will assume a hawkish bent through the end of the year.
The U.S. core CPI increased 1.9 percent year-on-year in April, the smallest gain since October 2015, after rising 2.0 percent in March. Economists polled by Reuters expected the inflation measure to remain at 2 percent.
In addition, the Commerce Department said retail sales rose 0.4 percent last month. While March saw an upwardly revised 0.1 percent gain, the April figure disappointed expectations of economists polled by Reuters for an increase of 0.6 percent.