The euro inched up against the dollar, pivoting from early losses following an ECB proposal.
The dollar rose broadly, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts.
The dollar index traded slightly lower in late-afternoon Friday as the euro extended its gains.
The dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday.
The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.
One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.
The dollar tumbled after five straight days of gains, as investors took advantage of weaker-than-expected retail sales to lighten hefty positions.
The dollar rose against the euro in a continuation of last week's bets that the Fed will hike interest rates in the coming months.
Ahead of the U.K. elections, Ed Miliband, the Labour Party leader, says "there is going to be a change" when it comes to tax avoidance. CNBC's Catherine Boyle reports.
Tom Costley, head of TNS Scotland, talks about the Scottish National Party and its possible influence on the upcoming U.K. election. He adds that the two-party system in the U.K. is now gone.
As the U.K. election draw closer, the Labour Party is set to launch its party's manifesto and rebrand itself as fiscally responsible. CNBC's Catherine Boyle reports.
The euro slumped for a fifth straight session against the dollar on Friday to a 3-1/2 week low as falling European interest rates.
Michael Sneyd, FX strategist at BNP Paribas, says that he thinks the Bank of England will hike rates sooner than analysts predict. However, the timing depends on the U.K. election outcome, he says.
The Bank of England has kept its interest rate unchanged at 0.5 percent.
ICAEW has published a survey suggesting that UK businesses are sitting on cash surpluses and are less likely to invest until they feel more secure. Stephen Ibbotson, director of business at ICAEW, explains more.
With the Bank of England meeting today, as the UK inflation hits zero, Brian Hilliard, chief UK economist at Societe Generale, talks about his expectations for today and the future of the UK economy, saying the next BoE rate hike will be in 2016.
Brian Hilliard, chief UK economist at Societe Generale, explains why he thinks there's a 25 percent chance of a "Brexit" referendum and the consequences that could come of it.
The dollar traded higher on Wednesday after the release of the Federal Reserve's FOMC meeting minutes.
The greenback recovered as trading desks returned to full strength and underlying trends for its continued rise reappeared.
The dollar cut early losses but continued to feel the carry-over effects of a disappointing U.S. jobs report from Friday.