FX Close
This morning’s decent economic data wasn’t enough to sustain the dollar’s solid week and the greenback surrendered ground on profit-taking into the weekend. EUR/USD touched a high of 1.5569 but eased to 1.5555 as NY trading closed, while USD/JPY reversed course, down 7 pips to 105.43 after shooting as high as 105.74, its highest level in 3 months, in Asian trading.
USD/CHF fell 0.7% to 1.0421, while Cable was up 0.2% at 1.9084. USD/CAD was the exception to the rule, posting strong gains of 0.7% to 0.9945 in a day where Crude edged up 0.8% to $127.60/bbl, well off its highs earlier in the week.