The dollar was steady to higher in N.Y. trade on Friday, posting gains against the euro following dovish tones from ECB chief Draghi during the London morning session. EUR-USD topped out at 1.0707 early in the session before trading to 1.0640 lows. USD-JPY found support into the 122.70 region, though was unable to test the 123.00 mark in a sustained manner. USD-CAD moved higher, despite firmer oil prices, as the Liberal government's first budget painted a not so rosy outlook on the Canadian economy.
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