• The dollar rose on Friday after upbeat U.S. gross domestic product data, while sterling suffered its worst fall since mid-January after a poll showed a narrowing lead for the ruling Conservatives before elections next month.
The dollar index .DXY, which tracks the greenback against six major rivals, was up 0.18 percent to 97.423, after rising to a one-week high of 97.548, earlier in the session.
The dollar was down 0.55 percent against the yen to 111.2 yen after paring earlier losses and the euro slipped to a 1-week low of $1.1161 against the greenback.
• Trading was very light ahead of a holiday weekend.
• Sterling dived about one percent against the dollar to a 1-month low of $1.2776 after a YouGov poll published on Thursday showed British Prime Minister Theresa May's lead narrowing to just 5 percentage points over the Labour opposition less than two weeks before a general election.
• The New York Federal Reserve said on Friday it reduced its outlook on U.S. economic growth in the second quarter, citing that the drops in durables goods and new home sales in April offset the increase in wholesale inventories last month.
The U.S. gross domestic product was on track to expand at an annualized pace of 2.17 percent, slower than the prior estimate of 2.32 percent released on May 19, the New York Fed's "Nowcast" program showed.
• The Group of Seven nations have made progress in negotiations on trade, notably on the issue of multilateralism, a French presidential source said on Saturday, suggesting there has been some softening in the United States' protectionist stance.
• Group of Seven (G7) leaders have still not agreed to joint language on the issues of trade and Russia, a G7source said, hours before their final communique is due to be published.
• U.S. President Donald Trump said in a Twitter post on Saturday that he would make a decision on whether to support a landmark international agreement on climate change next week.
• Profits earned by Chinese industrial firms rose 14.0 percent in April from a year earlier, official data showed on Saturday, slowing from March's pace and adding to concerns that the world's second-largest economy may be losing steam.
• Oil prices rebounded to rise more than 1 percent on Friday, but Brent crude ended the week nearly 3 percent lower after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped. Trading was light after Thursday's heavy sell-off and ahead of the long weekend break in the United States and Britain.
Brent futures LCOc1 settled up 69 cents to $52.15 a barrel, or 1.3 percent, after hitting a session low of $50.71.
U.S. West Texas Intermediate (WTI) crude futures CLc1 settled at $49.80 a barrel, gaining 90 cents or 1.8 percent, after hitting an intra-day low at $48.18.
• British Prime Minister Theresa May's Conservative Party has a 14 percentage point lead over the main opposition Labour Party ahead of a June 8 election, according to an ICM opinion poll published in the Sun newspaper on Sunday.
The poll put the Conservatives on 46 percent and Labour on 32 percent, little changed from the previous ICM poll on May 22 which put the Conservatives on 47 percent and Labour on 33 percent.
• North Korea fired what appeared to be a short-range ballistic missile on Monday that landed in the sea off its east coast, South Korea's military said, the latest in a series of missile tests defying world pressure and threats of more sanctions.
Reference: Reuters
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