The U.S. dollar steadied in early European trade Friday ahead of the release of key inflation data, the euro edged higher while the Japanese yen slipped slightly but remained on course for its strongest week in three months.
Pound strengthened against the dollar after the President endorsed Vice President Kamala Harris to take on Donald Trump in November.
The U.S. dollar rose slightly Friday, on course for a positive week, while sterling slipped after the release of weak retail sales data. The dollar bounced off recent lows as U.S. labor and manufacturing data added to the uncertainty over when the Federal Reserve would start cutting rates. The U.S. currency has also seen demand as a safe-haven call as relations between the U.S. and China weaken, and uncertainty over the U.S. presidential race grows, amid calls for President Joe Biden to drop his reelection bid.