The U.S. dollar traded mixed against the most major currencies after the mostly weak-than-expected U.S. economic data. The U.S. preliminary gross domestic product increased at an annual rate of 2.6% in the fourth quarter, missing expectations for a 3.3% gain, after a 5.0% rise in the third quarter.

Consumers spending strengthened in the fourth quarter, but businesses investment, trade and government spending weakened.

For 2014 as a whole, GDP expanded 2.4% compared to 2.2% in 2013.

The personal consumption expenditures (PCE) price index declined at an annual rate of 0.5% in the fourth quarter. That was the weakest reading since the first quarter of 2009.

The personal consumption expenditures (PCE) price index excluding food and energy increased 1.1%.

The Chicago purchasing managers' index increased from 59.4 in January to 58.8 in December, exceeding expectations for a fall to 58.1. December's figure was revised up from 58.3.

The final University of Michigan's consumer sentiment index was 98.1 in January, in line with expectations, down from the preliminary estimate of 98.2.

The euro traded lower against the U.S. dollar. The inflation declined to an annual rate of -0.6% in January from -0.2% in December. Analysts had expected a 0.5% drop.

Eurozone's unemployment rate fell to 11.4% in December from 11.5% in November. Analysts had expected the unemployment rate to remain unchanged at 11.5%.

German adjusted retail sales climbed 0.2% in December, after a 0.9% gain in November. November's figure was revised down from a 1.0% increase.

The British pound fell against the U.S. dollar. Net lending to individuals in the U.K. increased by £2.2 billion in December, after a £3.3 billion gain in November.

The number of mortgages approvals in the U.K. increased by 60,280 in December, after a gain by 58,960 in November.

The Canadian dollar traded lower against the U.S. dollar after the weak Canadian gross domestic product (GDP). Canada's GDP decreased 0.2% in November, after a 0.3% fall in October.

The decline was driven by lower oil prices and unexpected weakness in manufacturing and mining.

The Swiss franc traded higher against the U.S. dollar. The KOF leading indicator decreased to 97.0 in January from 98.8 in December, missing expectations for a decrease to 97.8. December's figure was revised up from 98.7.

The New Zealand dollar traded mixed against the U.S. dollar. In the overnight trading session, the kiwi traded higher against the greenback in the absence of any major economic reports from New Zealand.

The Australian dollar traded mixed against the U.S. dollar. In the overnight trading session, the Aussie traded mixed against the greenback after the weak economic data from Australia. Australia's producer price index (PPI) rose 0.1% in the fourth quarter, after a 0.2% increase in the third quarter.

On a yearly basis, Australia's PPI increased 1.1% in the fourth quarter, after a 1.2% gain in the third quarter.

Private sector credit in Australia climbed 0.5% in December, after a 0.5% increase in October.

The Japanese yen traded higher against the U.S. dollar. In the overnight trading session, the yen increased against the greenback after the mixed economic data from Japan. Japan's national consumer price index (CPI) rose 2.4% in December, after a 2.4 increase in November.

Japan's national CPI excluding fresh food increased 2.5% in December, missing expectations for a a 2.6% gain, after a 2.7% rise in November.

Tokyo's CPI climbed 2.13 in January, after a 2.1% rise in December.

Tokyo's CPI excluding fresh food gained 2.2% in January, in line with expectations, after a 2.3% increase in December.

Household spending in Japan dropped at annual rate of 3.4% in December, missing forecasts of a 2.5% decrease, after a 2.5% fall in November.

Japan's unemployment rate decreased to 3.4% in December from 3.5% in November. Analysts had expected the unemployment rate to remain unchanged.

Preliminary industrial production in Japan climbed 1.0% in December, missing expectations for a 1.3% increase, after a 0.6% decline in November.