On Friday, the Greenback was settled near four-month lows vs. a basket of major currencies, as Thursday's downbeat U.S. economic reports still weighed in. Data on Thursday showed that the U.S. producer prices fell for the first time in nearly 1-1/2 years in December. On the release front, traders are awaiting the U.S. Consumer Price Index, which is expected to hit 2.1% from 2.2%.
The Single currency settled high after the ECB signaled that it may be gearing up to trim its massive monetary stimulus. The common currency rose by 0.72% vs. the Greenback, to settle at 1.2119.
The Sterling pound rose by 0.50%, to settle at $1.3606. No major reports are due from the UK today.
Earlier today, Japan's economy minister suggested that the government could declare an end to deflation before consumer prices reach the BOJ's 2% inflation target. Against the JPY, the USD fell by 0.15%, to settle at ¥111.10.
Earlier today, Gold prices settled at four-month highs, as sentiment on the U.S. dollar remained weak following soft U.S. data released yesterday. Gold Futures - Feb 18 (GCG8), fell as much as 0.55%, to settle at $ 1,329.70.
Oil prices failed to manage its gains and slipped away from December-2014 highs touched yesterday. Crude Oil WTI Futures - Feb 18 (CLG8) fell as much as 0.56% as $63.44 and Brent Oil Futures - Mar 18 (LCOH8) was up by 0.17% at $69.14.
The most important economic events:
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