LONDON, April 11: The dollar dipped against the euro on Friday on news of a drop in US consumer confidence and on speculation that Group of Seven finance chiefs meeting later in the day will take no firm action to boost the greenback.

The single European currency in late-day trade was at $1.5821 after $1.5742 late Thursday in New York.

The dollar was meanwhile trading at 101.04 yen, down from 101.88 on Thursday.

A worse-than-expected survey into US consumer confidence stoked concern about the health of the US economy.

Consumer confidence, as measured by the University of Michigan index, fell to 63.2 in early April from a reading of 69.5 in late March, its lowest level since March 1982.—AFP