After brief gains on Thursday, the dollar was subjected to renewed selling pressure

The headline US durable goods orders data was stronger than expected with a 4.2% gain

for June from a revised 3.7% advance previously. 

Elsewhere, initial jobless claims rose slightly to 343,000 from 336,000 previously. The dollar failed to sustain an initial advance following the US data even with an increase in US Treasury yields.

Federal Reserve would keep policy on hold at next week’s policy meeting. 

comments will increase uncertainty surrounding Fed tapering in September, although the fact that the Fed is trying to focus on the fact that interest rates will stay very low suggests that the Fed is determined ,

The latest Euro-zone monetary data was weaker than expected with a slowdown in money supply growth strong pressure for the ECB to sanction a more expansionary monetary policy.

consensus expectations. 

stronger release and Sterling was vulnerable to significant profit taking following the release. help sustain stronger growth in the medium term. surrounding the UK outlook which will provide some Sterling protection.

will remain vulnerable to some further selling if there is no net reduction in short positions.