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Session Recap: USD consolidates in quiet trade

FXStreet (Córdoba) - The dollar is little changed against the major currencies Friday, having spent most of the day consolidating recent moves.

The EUR/USD trades quietly around 1.3700, while the GBP/USD consolidates below 1.6700 despite a short-lived drop in the wake of disappointing UK retail sales. Meanwhile, the USD/JPY advanced to a high of 102.60 but lacked momentum. The AUD/USD trades little changed below 0.9000, while the loonie continues to underperform, with the USD/CAD hitting a fresh 3-week high of 1.1170.

During the New York session watch for existing home sales.

Main Headlines in Europe:


BoJ's Kuroda: Consumer prices rising on weak yen

UK: Annual Retail Sales rise 4.3% in January

BoJ minutes indicate concerns over recovery risks - could further easing be on the cards?

Ukraine shaky peace deal reached amid continuing protests, bond auction canceled

Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank

Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank

The shared currency is extending the consolidation pattern that prevailed overnight, with the EUR/USD gyrating around the 1.3700 handle amidst no data releases in the euro area and scarce volatility...
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USD/JPY firmer around 102.50

The greenback is extending its bullish momentum against the Japanese yen on Friday, with the USD/JPY easing to the mid-102.00 after overnight peaks just beyond 102.60...
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