The U.S. dollar traded mixed to higher against the most major currencies after the mixed U.S. economic data. The U.S. revised GDP grew 2.2% in the fourth quarter, lower than the previous estimated growth of 2.6%. Analysts had expected U.S. GDP to rise 2.1%.
The Chicago purchasing managers' index declined to 45.8 in February from 59.4 in January, missing expectations for a fall to 58.4. That was the lowest level since July 2009.
A reading below the 50 mark indicates contraction.
The decline was driven by drops in production, new orders, order backlogs and employment.
Pending home sales in the U.S. rose 1.7% in January, missing expectations for a 2.5% increase, after a 1.5% decline in December. December's figure was revised up from a 3.7% drop.
The final University of Michigan's consumer sentiment index was 95.4 in February, beating expectations for a decline to 94.2, down from the preliminary estimate of 98.2.
The euro traded lower against the U.S. dollar despite the positive economic data from the Eurozone. German preliminary consumer price index rose 0.9% in February, exceeding expectations for a 0.6% increase, after a 1.1% drop in January.
On a yearly basis, German preliminary consumer price index increased to 0.1% in February from -0.4% in January.
The increase was driven by lower decline in energy and food prices.
French consumer spending increased 0.6% in January from a year earlier, after a 1.6% rise. December's figure was revised up from a 1.5% gain.
The British pound traded higher against the U.S. dollar in the absence any major economic reports from the U.K.
The Swiss franc traded mixed against the U.S. dollar. The KOF leading indicator decreased to 90.1 in February from 96.1 in January, beating expectations for a decrease to 89.1. January's figure was revised down from 97.0.
The New Zealand dollar traded mixed against the U.S. dollar. In the overnight trading session, the kiwi traded higher against the greenback after the mixed economic data from New Zealand. The ANZ business confidence index for New Zealand climbed to 34.4 in January from 30.4 in December.
Building permits in New Zealand fell 3.8% in January, after a 2.1% decline in December.
The Australian dollar traded mixed against the U.S. dollar. In the overnight trading session, the Aussie traded mixed against the greenback. Private sector credit in Australia climbed 0.6% in January, after a 0.5% increase in December.
The Japanese yen traded lower against the U.S. dollar. In the overnight trading session, the yen traded declined against the greenback after the mostly weaker-than-expected economic data from Japan. Japan's national consumer price index (CPI) remained unchanged at an annual rate of 2.4% in Japan.
Japan's national CPI excluding fresh food declined to an annual rate of 2.2% in January from 2.5% in December, missing expectations for a 2.4% gain.
Tokyo's CPI remained unchanged at an annual rate of 2.3% in February.
Tokyo's CPI excluding fresh food remained unchanged at an annual rate of 2.2% in February, in line with expectations.
Household spending in Japan dropped at annual rate of 5.1% in January, missing forecasts of a 4.0% decrease, after a 3.4% fall in December.
Japan's unemployment rate increased to 3.6% in January from 3.4% in December. Analysts had expected the unemployment rate to remain unchanged.
Preliminary industrial production in Japan climbed 4.0% in January, exceeding expectations for a 3.1% increase, after a 0.8% rise in December.