The LFB submits:

Overall, the dollar lost a few points during the first part of Friday’s session, but during European trade the whole currency market started moving side-ways. The only exception was the pound, which shed every pip gained earlier in the day throughout the European session. Ahead, the market is expected to retain a weak momentum ahead of the closed U.S. session. Few pairs have been able to move anywhere decisively this week.

The Euro (Eur/Usd) advanced up to the neutral pivot point during the overnight session, but since then has practically came to a standstill, having a 10-pip side-ways channel. On Thursday, the ECB held its interest rate at 1%, the lowest in the banks’ short history.

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