The dollar fell versus its rivals on Friday as risk appetite improved on more signs of a global economic recovery. Japan's April industrial production surged the most in at least six years; Germany's April retail sales gained for the first time in four months; and US May consumer confidence rose to the highest level since September. The greenback was also pressured by US inflation and funding worries although bond yields fell for a second day following the spike in rates midweek. The Dow rose 97 points to end the month of May at 8500, its third monthly gain. The yen rose after finding support from its 200-day moving average as the deflationary trend in Japan deepened. The euro closed above the 1.40-area resistance at the highest level this year.
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