The U.S. dollar was seen easing back from the strong gains made earlier in the week. By Friday’s close, the U.S. dollar index was seen giving up the gains and closed near 95.99.
Economic data on Friday saw the release of the final inflation figures from the Eurozone. Data showed that consumer prices rose 2.1% on the headline inflation while core inflation rate also gained 1.1% as estimated.
Canada’s monthly inflation report showed a 0.5% surge beating estimates of 0.1%. All other measures of inflation were also seen pushing higher.
The economic calendar today is light. The European trading session starts off with the monthly report from the German Bundesbank followed by a speech from the Bundesbank president, Jens Weidmann.
The NY session is quiet with only the FOMC member Bostic due to speak in the afternoon.
