The Dollar lost gains across the board as positive news coming out of Europe pushed investors to buy higher yielding assets and drop the greenback. The Import Price Index came out at 1.1%, worse than the expected 1.2%. The Stock Markets in the U.S. closed positive for another day as the Dow Jones gained 0.72% and the NASDAQ rose by 0.75%. Crude Oil posted a fourth day of gains as it appreciated by 0.8%, ending the day close to $92 a barrel.
Gold (XAU) also made gains, closing at $1387 an ounce. Today, Initial Jobless Claims are expected at 415k vs. 409k previously, the PPI is expected at 0.7% vs. 0.8% previously, the Trade Balance is expected at -40.6B vs. -38.7B previously, and the Fed is expected to Speak.
EUR/USD - Last: 1.3103