Dull finish to the week, but the dollar is....>

FOREX: Dull finish to the week, but the dollar is the clear winner

-Majors finished Friday mixed, but the USD's run remains in tact after the DXY

notched a rise of over 1.5% since Monday. This puts the greenback on track for

the strongest weekly close since late December - a move that placed both the EUR

and GBP under further pressure. USD/JPY had a strong start, with firm demand in

Asia ahead of market holidays (Goto-bi Day) but much of this was erased

throughout the European and US sessions, seeing USD/JPY dip comfortably back

below Y111.

-The CAD underperformed on the back of a weaker set of CPI figures, prompting

USD/CAD to briefly break back above C$1.29 for the first time since Tuesday.

Compounding the move are today's weaker energy prices, with WTI retreating

slightly off multi-month highs. Emerging market FX took another dive. Firmer oil

and rallying US yields hit those with significant foreign currency debt (BRL,

TRY in particular), dragging the likes of ZAR and RUB lower.

-Eurozone preliminary PMIs and UK inflation numbers are the highlights next

week.