After a modest bout of firming early in the session, the dollar mostly lost ground through the N.Y. session on Friday, with position squaring seen as the main driver. Stocks took another nose-dive, which didn't help the greenback either. EUR-USD based at 1.0808 before rallying to 1.0863 highs by mid-morning. USD-JPY topped out at 121.75, later falling back under 121.20. Cable bottomed at 1.4887 before managing to briefly reclaim the 1.48 handle. USD-CAD printed trend highs of 1.4001 on cool Canada CPI and wholesale data, then fell to 1.3855 lows as oil and commodity prices rebounded.
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