On Friday, the Greenback held steady vs. its major rivals as traders focused on renewed economic strength in the euro-zone. Meanwhile, market players are awaiting the upcoming U.S. nonfarm payrolls report for January, to get the latest evidence of the strength of the U.S. labor market. Nonfarm payrolls for January could hit 180k jobs after increasing 148k in December.
The Single currency fell by 0.25% vs. the U.S. dollar, to settle at $1.2484.
The Sterling pound fell by 0.34%, to settle at $1.4219. No major reports are due from the UK today.
Against the JPY, the USD rose by 0.43%, to settle at ¥109.88. the JPY declined after a special bond purchase operation by the Bank of Japan to stop the rise in Japanese bond yields.
Earlier today, Gold prices settled high, as the Greenback remained weak ahead of a key U.S. employment report. Markets are awaiting Friday's non-farm payroll, for further indications on the strength of the U.S. job market. Gold Futures - Feb 18 (GCG8), rose by 0.14%, to settle at $1,349.80.
Early on Friday, Oil rose for a third day in a row after a survey showed strong compliance with output cuts by OPEC and non-OPEC countries, offsetting worries about rising the U.S. production. Crude Oil WTI Futures - Feb 18 (CLG8) rose as much as 0.30%, to settle at $ 66.00, and Brent Oil Futures - Mar 18 (LCOH8) was up by 0.01% at $69.66.
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