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The dollar is giving back some of its recent gains as traders cover positions ahead of the holiday weekend and after the market failed to break the 1.25 downside barrier in EUR/USD.

Risk appetite has recovery marginally in the Asian session as the lack of Europe-negative headlines allowed risk seekers to pick up bargains. EURUSD was able to rally off the 1.2519

* US Equities continued to hover sideways on Thursday, ending broadly unchanged for a third consecutive session. This morning, also Asian shares trade directionless ahead of the long weekend in the US and parts of Europe.

Investors in Asia were not as confident as those in the US and Europe, with most equity markets in Asia trading in negative territory or flat. A lot of investors are likely choosing to

The Facebook IPO today has temporarily knocked Europe from the headlines as the world's eyes are focused on the Nasdaq at 1430 GMT/ 0930 ET when Facebook will

The euro (EUR) plummeted against the dollar sliding to a four-month low at 1.2655 from 1.2748 as risk aversion dominates the markets. World equities tumbled as