The currencies moved in a scattered order this Friday. While the euro and the dollar are falling, the Chinese yuan is flexible and the South African rand is strengthening.

After a recent surge, the euro retreated against several major currencies on Thursday, on a market digesting the recent surprise inflation indicators and calmed down by the stabilization of European bond rates. The single currency dropped 0.60% to the greenback, at 1,0603 dollars per euro around 20:40 GMT.

For its part, the U.S. dollar moved away from a two and a half month high against the yen on Friday and weakened to record its first weekly loss since January against major currencies. Traders on their side are trying to assess the direction of the Federal Reserve's policy. The dollar fell by 0.15% to 136,575 yen, after reaching 137.10 overnight, its highest level since December 20.

For its part, the flexibility of the yuan helps to stabilize the economy and the central bank will keep yuan exchange rates stable according to the governor of the People's Bank of China, Yi Gang.

Furthermore, the South African rand strengthened in early trading on Friday, helped by a weaker dollar and strong Chinese data. The rand traded at 18.1475 against the dollar, 0.36% higher than its previous close at 06:48 GMT.