Dollar Slips Ahead of Key Data Releases

The US dollar slipped in value on Friday as markets awaited key data releases, including S&P Global's flash July readings on manufacturing and services at 9:45 am ET.

These readings are closely watched by traders as they can indicate the health of the economy and inform their decisions about investing. The euro ticked up to 1.1703 per dollar from 1.1677 at Thursday's US close, while the dollar also eased against the yen (158.7361 from 159.1231) and the Canadian dollar (USD/CAD 1.3740 from 1.3794).

Traders often trim their positions ahead of data releases to avoid being caught off guard by unexpected news.