Forex Today: Dollar recovers post-Retail Sales

FXStreet Team FXStreet

Here is what you need to know on Friday, January 17th:

The American currency remained weak, until the release of US Retail Sales. The headline reading matched the market’s expectations, but core readings were upbeat, triggering renewed dollar demand. The EUR/USD pair finished the day in the red around 1.1130.
UK PM Johnson’s spokesman confirmed that the Brexit transition period would not be extended further. German Chancellor Angela Merkel said that Brexit urges the block to respond by becoming more competitive. GBP/USD extended its advance toward 1.3100, settling at around 1.3070.
The USD/JPY pair recovered the 110.00 level with US Retail Sales but remained below its weekly high.
Gold edged lower, while crude oil prices posted modest gains, with commodities holding within familiar levels.
Wall Street added to its latest gains, major indexes once again hit record lows.
Crypto Today: Bitcoin bulls give up control for now

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EUR/USD looks offered below 1.1900

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GBP/USD slips back to daily lows near 1.3640

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XRP holds $1.40 amid ETF inflows and stable derivatives market

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