U.S. Dollar Weakens Against Majors; Consumer Sentiment Index Due

Reversing direction, the U.S. dollar declined against the other major currencies in New York morning deals on Friday.

The greenback hit a 2-day low of 123.51 against the yen and 4-day low of 1.1113 against the euro, off its previous highs of 124.37 and 1.0920, respectively.

The greenback reversed from an early high of 0.9692 against the franc and a 3-day high 1.5548 against the pound, edging down to a 4-day low of 0.9548 and a 2-day low of 1.5677, respectively.

The greenback pared gains to 1.2942 against the loonie, off early weekly high of 1.3090.

The greenback dropped to an 8-day low of 0.7365 against the aussie and a 2-day low of 0.6673 against the kiwi, coming off from a 6-year high of 0.7234 and an 11-day high of 0.6534, respectively.

The greenback is seen finding support around 121.00 against the yen, 0.945 against the franc, 1.57 against the pound, 1.13 against the euro, 0.75 against the aussie, 0.675 against the kiwi and 1.28 against the loonie.

The University of Michigan's final consumer sentiment index for July is due at 10:00 am ET.