NEW YORK (CNNMoney.com) -- The dollar recovered losses versus the euro Friday and was little changed against other major currencies as investors wavered ahead of the weekend.
What prices are doing: The dollar gained 0.3% versus the euro to $1.2658 after dropping to a 7-week low in earlier trading.
Against the British pound, the greenback edged up 0.2% to $1.5135 and it rose 0.2% versus the Japanese yen to ¥88.53.
On Thursday, the dollar was pressured as global markets rallied and investors focused on upbeat economic reports on employment and retail sales.
What's moving the market: With a lack of major economic data on tap Friday and U.S. stocks poised for a lackluster open, trading was thin as the dollar waited for guidance.
"There's not much going on today, so its been very, very quiet trading," said Kathy Lien, director of currency research at Global Forex Trading. "All we have to look at today is how the stock markets move, and that's the only thing that could trigger volatility."
Following China's decision last month to end its currency peg to the dollar, the U.S. Treasury said in a report on whether countries manipulated their currencies that while the yuan is undervalued, China does not manipulate it.
This temporarily eased worries about tensions mounting between the countries, but investors were not all that surprised and remain skeptical about how much the country will allow its currency rise against the dollar.
"Part of the reason China made the move back in June was to deflect the risk of being named a currency manipulator by the U.S., so by taking this action, they were buying their way out of being branded a manipulator," said Lien. "While it takes off a little risk for the U.S. dollar, it was pretty much expected and won't have much of an impact on the market."
Since its decision to allow the yuan to appreciate, the Chinese currency has gained about 0.8% versus the dollar.
Meanwhile, a report on U.S. wholesale inventories was the only major economic release scheduled Friday.
Economists surveyed by Briefing.com expect inventories to have risen 0.4% in May after increasing the same amount in April. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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