ForexLive North American Wrap: Euro Chugs Back to 1.31

DJ: Berlusconi agrees not to be PM candidate
Calls for ECB rate cut fading to whimpers
Canada Ivey PMI 52.8 vs 49.5 exp
Japan stimulus to reach 20T yen – Nikkei
Chinese economists sees 20 more years of 8% growth
Italian spending commissioner resigns
UK's Clegg promises stable government for full term
10 US banks pay $8.5B fine to end robocall inquiry
S&P 500 down 5 points to 1461
JPY leads, USD lags

The euro started US trading near the lows of the day at 1.3020 but chatter about no ECB move on Thursday and Berlusconi (finally) riding off into the sunset sparked a euro rally that kept going to 1.3115.

Cable was slow to follow the euro's lead but eventually climbed to 1.6116.

USD/JPY attempted to take out bids down to 87.60 multiple times but was unable to break through.

USD/CAD slid after the Ivey PMI and stayed down as stocks pared losses late.