On Friday, the Greenback slipped to three-year lows vs. its major peers, weighted down by fresh worries over U.S. monetary policies and especially the rising deficit offset optimism sparked by recent U.S. economic reports. On the release front, market players are awaiting Michigan Consumer Sentiment Index, which is expected to hit 95.5 from 95.7.
The Single currency rose by 0.25%, to settle at $1.2535, positively affected by a weak USD.
Sterling pound rose by 0.08%, to settle at $1.4108, thanks to soft U.S. dollar.
Earlier today, the Japanese government re-appointed BOJ Governor Haruhiko Kuroda for a second term. In addition, Japan's top government spokesperson said on Friday that recent moves in the currency market were one-sided and that the government would take appropriate measures if needed. Against the JPY, the USD fell by 0.13%, to settle at ¥105.98.
Early on Friday, Gold prices rallied to their highest level in around three-and-a-half week, as worries over the U.S. deficit took over market sentiment and sent the USD broadly lower. Gold Futures - Apr 18 (GCJ8), rose by 0.61%, to settle at $1,363.10.
U.S. crude extended gains at the beginning of the day, as the U.S. dollar declined to a three-year low. Meanwhile, Oil traded high earlier in the week after Saudi Energy Minister said OPEC hopes to keep limiting crude output to leave the market tight. Crude Oil WTI Futures - Mar 18 (CLH8) rose as much as 0.70%, to settle at $61.77, and Brent Oil Futures - Apr 18 (LCOJ8) was up by 0.70% at $64.78
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