Summary US industrial production fell 0.3 percent in April.
NEW YORK (AFP) - Weaker-than-expected data on US industrial production and consumer confidence weighed on the dollar Friday, pushing it to a three-month low against the euro.
Another batch of disappointing US data added to speculation that the Federal Reserve would need to delay its plan to raise near-zero interest rates this year.
US industrial production fell 0.3 percent in April, the fifth straight month of decline, according to Federal Reserve data.
The University of Michigan s US consumer sentiment index plummeted to 88.6 in May from 95.9 in April.
"For several weeks, we ve wondered whether or not the early year slowdown in the US economy could be attributed in part to another rough winter," said Christopher Vecchio, currency analyst at DailyFX.
Vecchio said that even during a period of seasonal weakness, the first half of 2015 so far has been "unseasonably weak."
"The data bodes exceptionally poorly for the US dollar," he said.
The euro bought $1.1446 around 2100 GMT, up from $1.1414 late Thursday. Earlier in the day the single currency had climbed to $1.1467, its highest level in three and a half months.
"Today s numbers raise the possibility that the expected spring sprint is turning into a slow walk," said Joel Naroff of Naroff Economic Advisors.
"That should keep the Fed on hold at least through June," he said.
2100 GMT Friday Thursday
EUR/USD 1.1446 1.1414
EUR/JPY 136.67 136.04
EUR/CHF 1.0483 1.0410
EUR/GBP 0.7279 0.7234
USD/JPY 119.41 119.19
USD/CHF 0.9158 0.9121
GBP/USD 1.5724 1.5777
