LONDON, Oct 31: The dollar turned in a mixed performance against other leading currencies on Friday, a day after rallying on sizzling US economic growth figures and restrained comments from US Treasury Secretary John Snow on Asian exchange rate policies.

The single European currency rose to $1.1640 from 1.1622 late on Thursday in New York.

But against the yen the dollar firmed to 108.97 from 108.72 on Thursday.

Despite the dollar’s pull-back against some currencies such as the euro, analysts said the US unit was likely to benefit from Thursday’s data showing that the US economy grew at an annualised rate of 7.2pc in the third quarter.

The stellar pace of US growth in the third quarter is beginning to rock the consensus view that the dollar cannot benefit from a cyclical recovery, said Steve Pearson, currency strategist at the British bank HBOS.

The argument behind the consensus view is that higher relative growth in the United States to Europe and Japan will raise the US current account deficit.—AFP