The jittery sentiment continued in the market on Friday trading with Spain's credit rating put under review for possible downgrade by Moody's and U.S. officials delayed the vote on the debt-limit raise plan.

Moody's mentioned that pressures are likely to increase still further following the announcement of the official package for Greece, which has signaled a clear shift in risk for bondholders of countries with high debt burdens or large budget deficits.

On the other hand, U.S. policy makers resumed their discrepancy regarding the raise of debt ceiling which increased speculations that the U.S. will fail to resolve the problem before an August 2 deadline which will make it prone to a downgrade as well as possible default on debt obligations.

The yen was the biggest winner followed by the Swiss franc then the dollar.

The greenback is meanwhile traded around eight-month low versus the franc and four-month low against the yen before a U.S.Q2 GDP report due later in the day, where expectations refer to an annualized ease to 1.8% from 1.9% in the first quarter.

With regard the euro-dollar pair, it fell for the third day to trade around 1.4255 after recording a high of 1.4363 and a low of 1.4227, where the pair is currently facing strong support at 1.4220 levels after the breach of 1.4275.

The trading range for today is among the major support at 1.4125 and the major resistance at 1.4535.

Moving to the British pound versus the yen, it slipped on the daily basis, pushed down by the grim general sentiment which sapped demand on high-yielding currencies.

Meanwhile, the pair is trading at 126.34 after touching a high of 127.37 and a low of 126.10, whereas the trading range for the day is among the major support at 123.30 and the major resistance at 128.15.

Concerning the USD/CHF pair, it continued its southern bearish direction, targeting new record low, where it is currently trading at 0.7998 after falling from a high of 0.8030 to visit the day's low at 0.7993.

The trading range for today is among the major support at 0.7830 and the major resistance at 0.8250.