Another risk-off session saw the dollar under pressure again in N.Y. trade on Friday, as better flash PMI data was more than offset by a big miss in new home sales. Wall Street fell sharply a the global growth outlook soured again following weak China and EU PMIs, as yields eased, and commodities continued their near-meltdown, taking oil to the $47 handle, and gold to new five year lows. EUR-USD opened near 1.0925, and made its way to highs of 1.0992 into the London close. USD-JPY has been teetering over 124 at the start of the session, though ultimately rolled over to 123.60 lows.
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