The U.S. dollar was little changed against major currencies on Friday as markets digested a slew of economic data that supported the Federal Reserve's current monetary policy path, while a rise in British economic growth could not lift the pound from one-month lows.

The U.S. dollar slipped against the yen on Thursday as investors weighed data showing labor market weakness as well as a slight uptick in consumer prices, suggesting that the Federal Reserve will likely continue cutting interest rates.

U.S. equity markets are sinking after the country’s September inflation reading came in hotter than expected. The Consumer Price Index (CPI), a