The dollar headed lower after a minor U.S. CPI miss, indicating markets are focused on the Fed, and its concerns over low inflation. EUR-USD spiked up to 1.1874 highs from under 1.1810, as USD-JPY slid to 111.69 from over 112.25. The dollar subsequently mounted a modest pre-weekend rally, though ended the session down across the board. USD-CAD bottomed at 1.2453, though recovered to 1.2519 highs, before settling under 1.2500. Cable topped at 1.3337, before turning sideways on either side of 1.3300.
[EUR, USD]