The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.38% to 96.99 in late trade to end the week 0.23% lower.
On Friday, the U.S. dollar came under pressure after data showing that U.S. consumer spending ticked up just 0.1% in September, the smallest gain in eight months. Another report, however showed that a price index for consumer spending dipped 0.1%, the first drop since January. Analyst expectations indicate higher interest rates before the year's end.
The yen had strengthened on Friday, after the Bank of Japan’s decision to keep monetary policy unchanged, with USD/JPY fell to lows of 120.29 before pulling back to 120.61 in late trade. The single currency was also weaker against the yen, with EUR/JPY reaching lows of 132.26 before ending at 132.69.
Elsewhere, the single currency was boosted by data showing that the euro zone emerged from deflation in in October. Data on Friday showed that the euro zone consumer price index edged up to zero last month after falling 0.1% in September, but lower energy costs continued to weigh.
Sterling was higher against the U.S. dollar, with GBP/USD increasing 0.76% to 1.5426 amid growing expectations that the Bank of England could hike interest rates earlier than had been expected.
The Australian and New Zealand dollars were stronger after the commodity linked by higher oil prices. In late trade on Friday, AUD/USD was up 0.87% to 0.7135 and NZD/USD gained 1.3% to end at 0.6780.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.25% at 97.12, still close to Wednesday's two-and-a-half month highs of 97.89.
This week major market events are among other the present rate decisions of the Central bank in Australia and the UK, employment data from New Zealand, Canada and the all-important Friday’s U.S. monthly employment report.
In addition, on Wednesday, ECB President Mario Draghi is to speak at an event in Frankfurt and Fed Chair Janet Yellen is to testify on bank regulation before the House Financial Services Committee, in Washington.