The greenback fell broadly on Friday as China repeated its call for a supranational currency and U.S. data were slightly better than expected. Personal income in May came out at 1.4%, better than forecast 0.3%, University of Michigan survey in June came out at 70.8 (versus forecast 69.0).

The euro extended overnight gain in Asia and despite easing in European morning, price rose again. After the release of better-than-expected U.S. data which fuelled hopes on global economic recovery, the single currency rallied to as high as $1.4119 per dollar and ended at 1.4055, gaining 1% vs dollar for the week.

Cable surged fm 1.6375 to 1.6498 in European opening with traders cited short-covering ahead of weekend and received another boost after the U.S. data came out. Sterling rose to as high as 1.6564 and ended at 1.6521, finished the choppy week with almost no change.

The Swiss franc strengthened to as high as 1.0795 franc per dollar and 1.5211 franc per euro on speculation traders tested the central bank’s resolve to keep its currency weaker. Earlier in the week there was rumour that SNB interrupted the market by selling its currency for twice.

The People’s Bank of China said the International Monetary Fund should manage more of members’ foreign-exchange reserves. People’s Bank Governor Zhou Xiaochuan urged the IMF to expand the functions of its unit of account and move toward a ‘super-sovereign reserve currency’. The dollar was pressured by the comment and fell 0.9 percent to 95.21 yen and was poised for a 1.2 percent weekly decline, its third consecutive drop.

Economic data coming out next week includes :

Trade balance and import/export figures of New Zealand, industrial production and retail sales of Japan, business climate and economic sentiment of U.K on Monday; Gfk survey of U.K., unemployment rate and housing starts of Japan, unemployment rate of Germany, HICP of Eurozone, Current account and GDP of U.K., GDP and PPI of Canada, Chicago PMI and consumer confidence of U.S. on Tuesday; Tankan big manufacturing and Tankan capex of Japan, Retail sales of Australia, manufacturing PMI of Germany, Halifax house prices and manufacturing PMI of U.K., ADP employment, construction spending, ISM manufacturing and pending home sales of U.S. on Wednesday; Trade balance of Australia, PPI and unemployment rate of Eurozone, average hourly earnings, jobless claims, factory order, non-form payrolls and unemployment rate of U.S. on Thursday; CPI of Switzerland, service PMI of Eurozone and U.K. and retail sales of Eurozone on Friday; ECB will announce the rate decision on Thursday.