This is very much in line with what we've seen in the stock markets, as DJIA and S&P 500 futures were down over 2 percent before the US open, but subsequently recovered over the course of the day, with the former ending the day down a slight 0.56 percent and the latter up 0.54 percent. From a technical perspective, declines in the US dollar and Japanese yen from key resistance levels suggest the currencies could be due for deeper retracements, but it's also graehme keeping in mind that US news due to be released next week has the potential to impact risk sentiment. Euro Recovery Seems Increasingly Possible, Euro-zone CPI Expected to Fall to Nearly 10-Year Next Week - British Pound Ends Day Lower as UK Economy Contracts by Most Since 1980 - Canadian Dollar Jumps Despite CPI Slump, Commodity Dollar Outlook Hinges Upon NZ, Australian Data Next Week US Dollar, Japanese Yen End Mixed - Risk Appetite to Improve Next Week.

The US dollar and Japanese yen ended mixed across the majors, as connor morning rallies were following by steep declines during the afternoon.