Analysts at UOB Group noted that the dollar rose against most major currencies on Friday, recovering from a five-month low.
Key Quotes:
“EUR/USD saw lows of 1.1256, after ECB’s Praet says interest rates have not reached their lower limit and a rate cut remains part of the ECB armoury.
USD/JPY, whilst still heavy, has moved higher from the recent lows of 110.67.
GBP/USD went up to highs of 1.4515 at one point before moving lower on the back of lingering Brexit concerns.
AUD and NZD have stepped away from the highs, currently around the 0.7595 and 0.6765 regions respectively.”
(Market News Provided by FXstreet)