Session Recap: USD mixed in risk-off trading

FXstreet.com (Córdoba) - The US dollar strengthened on Friday and trimmed previous days' losses versus most competitors while stocks traded broadly lower given the risk-off mood surrounding financial markets into the month-end.

The yen and the franc rose to fresh 3-week highs against the dollar, while the greenback gained against the euro and sterling. Commodity currencies erased yesterday's gains, with the kiwi among the worst performers falling to a 9-month low sub-0.8000.

Main Headlines in Europe (in chronological order):

Germany: Annual Retail Sales rise 1.8% in April

Switzerland: KOF Leading Indicator up to 1.1 in May

Flash: USD continues to be buffeted by Fed expectations - OCBC Bank

UK: Mortgage Approvals rise to 53.710K in April

EMU: Annual CPI-Core rises more than expected in May

EMU: Unemployment Rate up to 12.2% in April, as expected

Commodities Brief – Precious metals shed recent gains, gold holds above 1400 barrier

ECB’s Visco reiterates renewed action from members for stabilized euro

European equities trading in the red