A rare down-day for the dollar -USD had its...>

FOREX: A rare down-day for the dollar

-USD had its first down day in four sessions in a minor pullback from the

multi-month highs printed Thursday at 95.531. While the DXY has now fallen 1%

from those highs, this still leaves a close well above the week's lowest levels.

The modest return of risk appetite in Europe and the US helped fuel the decline

in the greenback and JPY, which were the poorest performers of the session.

-Better data from the UK and Germany helped the EUR and GBP to gain on the final

trading day of the quarter, but most major pairs remain well within recent

ranges.

-CNH failed to snap its losing streak, closing broadly flat against the USD

after 11 consecutive sessions of losses, leaving the pair non-directional ahead

of what's expected to be a quiet week with the US market holiday on Wednesday.

USD/CNY risk reversals pulled back from recent highs, but remain well above the

12m average.

-Next week brings the Japanese Tankan survey, FOMC minutes and US Nonfarm

Payrolls.