The dollar traded mixed after a benign PPI reading and a much better than expected headline Empire State Index underscored the prospects for strong U.S. growth and low inflation. The New York Federal Reserve reported continued manufacturing recovery in New York in July. Separately, the Commerce Department said business inventories rose 0.1% in May, below the 0.3% predicted by economists. The dollar last traded at 112.11 yen, down 0.2% from Thursday's level, and up from 112.06 yen before data. The euro stood at $1.2051, down 0.4% from Thursday and down from $1.2071 before the news.