The dollar was lower on Friday after data showed that U.S. inflation rose in line with expectations in April, with the currency on track for its first monthly decline in 2024.
The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department’s Bureau of Economic Analysis said on Friday, matching the unrevised gain in March.
The U.S. dollar index was last down 0.248% at 104.51.
(Reporting by Hannah Lang in New York and Joice Alves; additional reporting by Brigid Riley; Editing by Kirsten Donovan)
