On Thursday, the Greenback inched up to two-week highs vs. a basket of major currencies as risk appetite increased, amid optimism on U.S. tax reforms and clues of ongoing strength in the U.S. labor market. Meanwhile, data on Wednesday showed that the U.S. private sector increased by 190k jobs last month. Looking ahead, traders are awaiting Friday's nonfarm payrolls report, which would be the last employment report before the Federal Reserve's monetary policy meeting next week.
The Single currency fell by 0.05% vs. the Greenback to settle at $1.1789. Meanwhile, market players are awaiting the ECB President Draghi's Speech, which is expected to mention to the central bank's monetary policy.
The Sterling pound rose as much as 0.10%, to settle at $1.3405.
The Greenback rose by 0.35%, to settle at ¥112.66, as risk appetite improved amid optimism on U.S. tax reforms and signs of ongoing strength in the U.S. labor market.
Earlier today, Gold prices edged lower, as optimism towards U.S. legislators’ making progress on tax legislation continued to increase while concerns over a potential government shutdown decreased. Gold Futures - Feb 18 (GCG8), fell as much as 0.53%, to settle at $ 1,259.40.
Oil prices rose, but settled near the prior session's three-week lows amid worries over rising production in the U.S. On the release front, an official data showed U.S. gasoline stocks rose by 6.8 million barrels, much higher than anticipations. Crude Oil WTI Futures - Jan 18 (CLF8) rose as much at 0.41 % at $ 56.17 and Brent Oil Futures - Jan 18 (LCOF8) was down by 0.51% at $61.53.
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