DOLLAR. The dollar's week-long rally ran out of steam on Friday, with dealers reluctant to push it above recent three-month highs against the euro and two-week highs against the yen ahead of U.S. industrial production data at 1415 GMT. Industrial production is expected to have fallen 0.9 percent in October, while capacity utilisation is seen hitting fresh 18-year troughs.
EURO. The euro gained as much as half a percent against the dollar on caution ahead of the U.S. data and expectations that German Chancellor Gerhard Schroeder would clinch a confidence vote in the German parliament later in the day. The euro also rose to one-week highs against the yen.
YEN. The yen fell to one-week lows against a broadly firm euro. It also touched fresh two-week lows against the dollar, but recovered into positive territory as markets turned cautious on the U.S. currency ahead of key U.S. economic data later in the day.
STERLING. The pound traded with a firmer bias against the dollar as caution set in ahead of U.S. industrial production data later in the day. But it slipped against the euro as the single currency recovered ground on expectation the German Chancellor would survive a confidence vote in the German parliament later in the day.
SWISS FRANC. The Swiss franc gained against the dollar as dealers took profits on the U.S. currency's week-long rally. It was little changed against the euro.