The dollar gave back recent gains on Friday, with soft U.S. data again the culprit. Weaker industrial production and Michigan sentiment sent the greenback to fresh three week lows against the euro, taking EUR-USD to 1.1450, and resulted in USD-JPY giving back most of its hard-fought gains, to a low under 119.20. The story was familiar for USD-CAD, while rallied early on lower oil prices, before falling back under 1.200, as crude bounced yet again. Cable found support into 1.5700 early, before briefly reclaiming the 1.58 handle into the London close.
[EUR, USD]
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