Against the other major currencies, the US Dollar appreciated during the trading session on Friday.

Economic News
USD
Against the other major currencies, the US Dollar appreciated during the trading session on Friday. The Dollar gained over 160 points against the EUR and closed at 1.5702. This happened to be the most disappointing results for the economy. The Unemployment Rate was expecting to be higher than 5.5%. The Hourly Earnings did not change from the last published at 0.3%. The Unemployment Claims rose to 404K. The Non-Manufacturing data went to 48.2, meaning that the service sector is going down. Moreover, the Natural Gas storage space came to 4B lower than what it was predicted at 85B. Therefore, to find an improved clarification for this phenomenon, traders might have to look towards the crucial Non-farm Employment Change. Which came lower than expected at -62K, however most people expected a larger drop as the ADP came in with a big disappointment, and the actual Non-farm Employment Change was fairly close to the estimate and not far away from the previous results.
The US Dollar also took the advantage of its substandard counterparts yesterday. General Motors is known for its 3.5-ton turnover; in US market, it might start selling mini-cars, Chevrolet Beat. The Chevrolet Beat is short than a foot anything else General Motors can sell in the US. GM is doing this to win interest of the persons, who are fad up of record fuel prices. If this graph works this might help GM in bringing down oil prices, which in go again help to strengthen the Dollar. On Friday 4th 08, floor trading did not take place in the US, as Independence Day was celebrated. Thus, due to volatility there may be a low trading versus the greenback. Investors and traders were advised to keep an eye on the news from the counterparts of USD's before placing any order. 
EUR
Against the other major currencies, the EUR depreciated yesterday. The EUR lost 160 points against the USD. Eventually, the EUR closed at 1.5702 against the USD. The indicators on Friday, came with mixed results, however the Press Conference of ECB was extremely dovish. The PMI services decreased to 49.1. The report of Retail Sales indicator came in higher what it was expect at 1.2%. The Minimum Bid Rate came at 4.25%. Jean-Claude Trichet, president of the ECB press conference, implicit that he will not increase the interest rates anymore.  He continued with his statement that the economy of European economic-zone is problematic. This dovish statement seemed to be the reason of the decrease in EUR yesterday.
A topic that will certainly catch the interest of investors is the European energy policy. European companies are not happy with the current situation in Europe. The companies would like a developed unified energy policy for all the economic-zone of Europe. They believe that this plan will give a toll to Europe to fight with the energy cartels. If the European companies adopt the plan, as a result lower energy prices might come.
Today, only two economic releases are going to be published in the European economic-zone. Previously, the budget balance of the French Government was at -45.08B. Moreover, the Orders from German Factory which was expected to rise until 0.8%. It is given that these indicators are not going to put a great impact on the European currency, investors have to look for some other news sources before placing there transactions.