data on the ailing United States economy, dealers said. In European trading, the euro rose to US$1.5508, from US$1.5445 in New York late Thursday.
Against the Japanese currency, the dollar slid to 104.59 yen from 104.74 yen.
Later Friday, the foreign exchange market was to digest U.S. data including the University of Michigan consumer confidence index and new homes in construction for April.
"Weaker data today could see euro/dollar push back toward US$1.56," said Calyon analyst Mitul Kotecha.
The dollar had suffered Thursday from a report that U.S. industrial output fell 0.7 percent in April from March, the sharpest decline since February. Soft reports from the New York and Philadelphia regional Federal Reserve banks also dampened enthusiasm for the greenback.
In London on Friday, the euro changed hands at US$1.5508 against US$1.5445 late Thursday, at 162.20 yen (161.81), 0.7956 pounds (0.7933) and 1.6314 Swiss francs (1.6321).
The dollar stood at 104.59 yen (104.74) and 1.0519 Swiss francs (1.0565).
The pound was at US$1.9494 (1.9468).
Earlier in Asian trade, the yen was steady against the dollar after unexpectedly strong Japanese economic growth figures, with investors focused on the outlook for global interest rates, dealers said.
The dollar changed hands for 104.57 yen in Tokyo afternoon trade, slightly down from 104.74 in New York late Thursday.
The euro rose to US$1.5498 from US$1.5445 and to 162.02 yen from 161.81.
Japan's gross domestic product (GDP) grew at a faster than expected 3.3 percent annualized pace in the first quarter of 2008 despite a global credit crunch and U.S. economic slowdown, official figures showed.
Against regional Asian currencies, the dollar fell to S$1.3718 from S$1.3827 a day earlier, to 9,297 Indonesia rupiah from 9,315 and to 42.58 Philippine pesos from 42.83.
It also dropped to NT$30.68 from NT$30.98, to 1,040 South Korean won from 1,047 and to 32.35 Thai baht from 32.48.
On the London Bullion Market, the price of gold rose to US$884.13 per ounce from US$881.25 late Thursday.
In Hong Kong, gold prices closed higher Friday at US$882.00-883.00 an ounce, up from Thursday's close of US$867.50-868.00. It opened at US$881.00-882.00.
