On Wednesday, the Greenback recovered vs. a basket of major currency as traders are awaiting the FOMC Meeting Minutes for further signs on the future path of monetary policy. Further cues are likely from U.S. economic data this week, including the U.S. nonfarm payroll, which will be released this Friday. On the release front, market players are awaiting the U.S. ISM Manufacturing, which is expected to hit 58.2.
The Single currency declined after a rally push by anticipations that the ECB will start to shrink its stimulus program later this year. The EUR fell by 0.12%, vs. the USD, to settle at $1.2043. On the release front, German Unemployment Change fell to -29k, from -20k.
The Sterling pound rose slightly vs. the Greenback by 0.04%, to settle at $1.3594.
Against the JPY, the USD rose by 0.04%, to settle at ¥112.33. No major reports are due from Japan today.
Gold prices fell after touching a 3-1/2-month high, as the Greenback recovered from its lows and technical indicators indicated to a short-term correction. Gold Futures - Feb 18 (GCG8), fell as much as 0.05%, to settle at $1,315.50.
Earlier today, Oil prices edged down from the mid-2015 highs reached yesterday as high output in the U.S. and Russia undermined ongoing efforts led by OPEC to tighten the market.
Crude Oil WTI Futures - Feb 18 (CLG8) rose as much as 0.08% at $60.42 and Brent Oil Futures - Mar 18 (LCOH8) was up by 0.02% at $66.58.
The most important economic events:
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