The dollar rebounded in morning trade in Asia Friday, although it was still hovering near three-week lows after sliding in the past few days.
The yen was under pressure after data showed Japan’s gross domestic product for the first quarter fell 0.2% compared to the previous quarter. Market also look to the Group of Seven summit this weekend to find cues for U.S. trade relations with other peers.
The U.S. dollar index, which tracks the greenback against a basket of six major currencies, added 0.03% to 93.46 by 11:54PM ET (03:54 GMT).
Despite the short-lived rally on Friday morning, the dollar index has been sliding since last week, from a high at 94.85 last Wednesday to a three-week low at around 93.40 level this Friday. The dollar was under pressure this week against a firmer euro that bounced back from 10-month lows on the easing political concern in Italy.
