On Thursday, the U.S. dollar settled high vs. a basket of major currency as comments by China's foreign exchange regulator eased worries that China may decrease its buying of U.S. government bonds. On the release front, traders are awaiting the U.S. Initial Jobless Claims (JAN 06), which is expected to hit 245k from 205k.
The Single currency fell by 0.09%, to settle at $1.1936, having retreated from Wednesday's intraday high of $1.20185. on the release front, market players are awaiting German Gross Domestic Product NSA (YoY) (2017), which is expected to hit 2.3% from 1.9%.
The Sterling pound fell by 0.16%, to settle at $1.3486. On the economic calendar for Thursday, traders are awaiting Bank of England Credit Conditions & Bank Liabilities Surveys.
Against the JPY, the USD rose by 0.27%, to settle at ¥111.74 as the dollar and U.S. Treasuries gained some buying support after the regulator’s comments.
Earlier today, Gold prices edged down, as the Greenback recovered vs. a basket of major currencies after China's regulator called a report about Beijing slowing or halting of its U.S. bond buying possibly wrong. Gold Futures - Feb 18 (GCG8), fell as much as 0.11%, to settle at $ 1,317.80.
Crude prices settled high drawing support from a report showing U.S. crude oil stocks declined last week for the eighth consecutive week. Crude Oil WTI Futures - Feb 18 (CLG8) rose as much as 0.31% as $63.77 and Brent Oil Futures - Mar 18 (LCOH8) was up by 0.23% at $69.36.
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