After a four day rally in stocks, the dollar is trading lower against the better yielding euro, pound aussie and kiwi, with the euro finishing at its best level since Feb. 06 with a gain of about 300 pips.

The euro also hit a 12-week high against the Swiss franc, which remained at relatively weaker levels versus the dollar, on the heels of the SNB's intervention Thursday to curtail the franc's recent appreciation in light of a deflation threat. The euro rose to 1.5400 Swiss francs.

Currency traders will be listening for comments from finance ministers attending the preliminary Group of 20 meeting Saturday.

After falling from the open until about 12:30 EDT stocks began a 2% rally until 15:30 EDT, but finished the last 30 minutes of trading on a bear candle albeit nicely off the low.

At Friday's close of floor trading on the NYSE, the DOW was on 7223.88 with a gain of 53.92 points (0.75%) while the S&P finished on 756.55, up 5.81 points (0.77%). The technology-heavy NASDAQ closed on 1431.50 after gaining 5.40 points (0.38%).

The dollar traded within a tight range in N.Y. as stocks moved between gains and losses on the day, but finished looking as if it was in risk-acceptance mode. On the day, the greenback ended up with a loss of 0.04% to the euro, 0.38% on Australia's currency and 0.25% to sterling as it gained 0.35% against the yen.

Treasuries were mixed, with traders buying the short end of the yield curve as they sold the long end. Yield on the 2-year note fell 4.4 basis points to 0.964% while yield on the 10-year note rose 1.8 basis points to 2.875%.

Crude for March delivery was recently trading down 95 cents (-2.13%) to $46.00 per barrel.

Gold for April delivery was recently trading up $6.50 (0.70%) to $930.20 per ounce.