The dollar slipped against a basket of major currencies on Friday, after sour data on consumer prices and retail sales in June increased doubts about U.S. economic growth and whether the Federal Reserve will raise interest rates again in 2017.

U.S. consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand.

Participants had forecast the CPI edging up 0.1 percent last month. Its drop of 0.1 percent in May and the lack of a rebound in June could trouble Fed officials who have largely viewed the recent moderation in price pressures as transitory.

USD/JPY, was down 0.65 percent to 112.53, after hitting a near two-week low of 112.28.

The higher yielding Aussie and New Zealand dollars jumped, with the Australian dollar hitting a near 15-month high as risk appetite was robust with global stock markets hitting record highs and after dovish comments from global policymakers.

The Aussie was 1.23 percent higher against the greenback at $0.7821.

South Africa's rand hit a two-week high against the greenback.

EUR/USD was up 0.61 percent against the greenback to 1.1465 and sterling was 1.24 percent higher at $1.3096, after hitting $1.3093, its highest since September, 2016.