The dollar fell largely on Friday as stuttering stock markets and a record high oil prices weighed on the U.S. currency, while weakening risk demand improved the low-yielding yen.
The euro added to gains made in the previous session after the European Central Bank said that inflation remained their top concern, signalling that the bank has no intentions of cutting interest rates soon. The euro recovered after falling to a two-month low against the Dollar.
However the Euro was still over 4 percent off its record high against the Dollar, which was set in April. The market remains focused on the U.S. trade figures which are due this afternoon.