US dollar recovered after declining for 4 consecutive days. USD index (DXY) remains firm on Friday after the gaining +0.38% on the prior day. EURUSD fell -0.68% and was back below 1.14. The fall was comparatively large as ECB President Mario Draghi warned that the Eurozone is at risk of lasting economy damage. By contrast, NZD and CAD rose against USD. In the commodity sector, energy prices retreated on profit-taking and as USD rebounded. The front-month WTI crude contract fell -1.31% while the Brent contract was down -1.07%.
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Gold Remains Firm as Yields Treaded Water
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