On Friday, The Greenback edged lower against a basket of major currencies as market players still waiting for positive news about the upcoming U.S. tax reform plan.
On the economic calendar for Friday, investors are awaiting the U.S. ISM Manufacturing index, which is expected to hit 58.3 from 58.7. Additionally, the U.S. ISM Employment data for the month of November is due at GMT 15:00.
Against the USD, the EUR rose as much as 0.17%, to settle at $1.1923, as German Chancellor Angela Merkel and her former centre-left partners are to meet again on Friday for more crucial coalition negotiations in an effort to facilitate the formation of a government coalition.
The Sterling pound fell by 0.13% against the U.S. dollar, to settle at $1.3511. On the release front, traders are awaiting GBP Markit UK PMI Manufacturing s.a. (NOV), which is expected to 56.5 from 56.3.
The JPY rose as much 0.12%, to settle at ¥112.39. There are no macroeconomic releases due from Japan today.
Earlier today, Gold prices rose as the Greenback edged lower amid sustained uncertainty over the fate of a highly anticipated tax reform code.
Gold Futures - Dec 17 (GCZ7) increased by 0.28%, to $1,276.71.
Oil futures edged higher on Friday after OPEC and other key producers led by Russia have agreed to extend a deal to limit their production through 2018 in a widely expected move aimed at ending a persistent glut in global supplies.
Crude Oil WTI Futures - Jan 18 (CLF8) rose as much at 0.59 % at $ 57.74 and Brent Oil Futures - Jan 18 (LCOF8) was up by 0.85% at $63.16.
The most important economic events:
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