The dollar fell Friday against other major currencies, as traders took profits from the currency's recent rally and looked ahead to next week's U.S. trade data.
The euro rose to $1.2920 in late New York trading, up from $1.2853 late Thursday, after falling as low as $1.2808 earlier in the day.
The pound rose to $1.8836 from $1.8695 late Thursday, while the dollar fell to 108.30 Japanese yen from 108.62 and to 1.1984 Swiss francs from 1.2071. The U.S. currency was a bit stronger against the Canadian dollar at 1.2283, up from 1.2230.
"After a good run for the dollar, people are going to be cautious, even dollar sellers, next week," said John Rothfield, currency strategist at Bank of America in New York.
Slated for release next week are U.S. trade deficit figures and Treasury International Capital data -- which many traders are expecting to be weak, analysts said.
"Long dollar positions are growing stale," said Michael Woolfolk, senior currency strategist at Bank of New York, noting that traders are no longer as concerned about the Federal Reserve raising interest rates at more than a gradual pace.
Expectations of higher U.S. rates tend to make securities denominated in dollars more attractive.
Also, while oil prices remain high, crude futures have been pulling back for five straight days from record levels. On the New York Mercantile Exchange Friday, crude fell 79 cents to $53.32 a barrel.
Though the dollar has regained some ground, the euro is still extremely strong, having shot up from around $1.20 in September on deep worries about the massive U.S. trade and budget deficits.
Meanwhile on Friday, the AP-Ipsos consumer confidence index showed consumer confidence in the United States held steady during the past month, despite higher energy prices and cautious hiring. The index clocked in at 84.5 in April, compared with a reading of 84.2 in March.
On Thursday, the European Central Bank decided to keep its refinancing rate at 2 percent, a mark it has been at since June 2003. The bank signaled it's unlikely to raise interest rates soon, but warned about high oil prices.