On Friday, the Greenback rose against other major currencies, as traders were eyeing the release of highly-anticipated U.S. Non-Farm Payrolls (NFP) report due later in the day. Yesterday, an official data showed that the U.S. jobless claims rose by 3,000 last week to 250k, disappointing expectations for a 6,000 decline. Additionally, market players are awaiting the U.S. ISM Non-Manufacturing/Services Composite, which is expected to hit 57.6 from 57.4.
The single currency fell as much as 0.09% vs. the USD, to settle at $1.2056. on the release front, traders are awaiting Euro-Zone Consumer Price Index Core, which is expected to hit 1.0% from 0.9%.
The Sterling pound fell by 0.04% against the Greenback to settle at 1.3542.
Against the yen, the USD rose by 0.39%, to settle at ¥113.19. No reports are due from Japan today, so the currency may find its direction on the back of the NFP release.
Gold prices edged lower from a four-month peak, as the Greenback recovered some ground ahead of the release of Friday's Non-farm Payrolls due later in the day. Gold Futures - Feb 18 (GCG8), fell as much as 0.25%, to settle at $1,318.30.
Oil prices failed to manage its gains and declined as soaring U.S. production undermined a 10-percent rally from lows hit in December. Political tensions in Iran, which is third-largest producer in the OPEC, had pushed prices higher.
Crude Oil WTI Futures - Feb 18 (CLG8) fell as much at 0.55% at $61.69 and Brent Oil Futures - Mar 18 (LCOH8) was down by 0.59% at $67.67.
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