Aug 24 (Reuters) - The dollar weakened broadly on Friday as lingering worries about the recent global credit and liquidity squeeze outweighed surprisingly strong U.S. economic data.

The dollar briefly rose after reprots showed U.S. new home sales rebounded in July and orders for durable goods unexpectedly jumped last month. However, news about exposure by Asian and European banks to the U.S. mortgage sector revived concerns about creditworthiness in global markets.

“I don’t think the dollar is being moved by short-term economic information and based on timing issues it looks like August will be more relevant in terms of new home sales and durable goods,” said David Greenwald, a partner at short-term currency hedge fund Scalene Capital in Newport Beach, California.

Aug 24 (Reuters) - The dollar weakened broadly on Friday as lingering worries about the recent global credit and liquidity squeeze outweighed surprisingly strong U.S. economic data.

The dollar briefly rose after reprots showed U.S. new home sales rebounded in July and orders for durable goods unexpectedly jumped last month. However, news about exposure by Asian and European banks to the U.S. mortgage sector revived concerns about creditworthiness in global markets.

“I don’t think the dollar is being moved by short-term economic information and based on timing issues it looks like August will be more relevant in terms of new home sales and durable goods,” said David Greenwald, a partner at short-term currency hedge fund Scalene Capital in Newport Beach, California.