The US Dollar (USD) navigated a narrow range on Thursday, building on the previous day’s losses and briefly reaching multi-day troughs. In the meantime, geopolitical tensions continued to do the rounds, while investors seemed to have largely ignored the cautious tone from the FOMC Minutes on Wednesday.

Here is what you need to know on Friday, July 10:

The US Dollar Index (DXY) had kept the bearish tone for the second straight day on Thursday, although it managed to bounce off earlier lows and dispute the 101.00 region afterwards. Next on tap on the USD docket will be the release of the always relevant inflation figures tracked by the CPI on July 14.

EUR/USD has clinched its second consecutive daily advance on Thursday, although gains appear to have met a tough nut to crack around 1.1450. Final inflation data in Germany are due alongside the speech by the ECB’s Vujcic.

GBP/USD could not sustain the early move to three-week tops around 1.3430, coming under pressure and challenging once again the 1.3400 neighbourhood. The next event across the Channel will be the publication of the BRC Retail Sales Monitor on July 14.

The USD/JPY’s weekly recovery has stalled on Thursday amid renewed downside bias in the Greenback and steady FX intervention concerns. Producer Prices will be the sole release in the “Land of the Rising Sun”.

AUD/USD has added to Wednesday’s small advance and approached the 0.6950 zone, always on the back of fresh selling interest hurting the buck. Data-wise in Oz, Westpac will publish its Consumer Confidence gauge on July 14.

USD/CAD has slipped back toward the 1.4150 zone, the lower end of its current multi-day consolidative phase, down for the fourth day in a row. Wrapping up the week, the Canadian labour market report will take centre stage.

Prices of the barrel of WTI reversed four consecutive daily advances, returning to the $72.00 mark per barrel and below its critical 200-day SMA.

Prices of gold have left behind three straight daily losses and reclaimed the area beyond the $4,100 mark per troy ounce, always amid fresh weakness in the US Dollar and persistent geopolitical jitters.