The dollar drifted higher on Tuesday, trading in narrow ranges, as investors continued to adjust positions ahead of this week's key decision on bond-buying by the Fed.
Gold prices eased on expectations that the U.S. central bank may soon be set to taper its bullion-friendly stimulus.
U.S. stocks finished lower on Thursday.
Gold futures settled higher on Wednesday after the Federal Reserve said it would begin tapering its bond-buying program to $75 billion a month.
Following the Federal Reserve's decision to taper its bond buys, the dollar rose against the euro before reversing, with the euro now higher.
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U.S. Treasurys prices ticked higher on Friday as data on U.S. producer prices suggested domestic inflation remained below the Fed's target.
Crude rose by more than 1 percent, boosted by positive economic data, while supplies remained cut off from Libya.
The euro stayed well-bid on Tuesday, scaling a fresh five-year high on the yen and a six-week peak against the dollar as expectations for further stimulus from the European Central Bank continued to fade.
The dollar dropped from five-year highs against the yen Friday as investors reduced bets on the greenback amid caution ahead of a U.S. Federal Reserve policy meeting next week that may herald a wind-down of its massive stimulus measures.
The dollar firmed across the board on Thursday, helped by an upbeat U.S retail sales report that suggested the recovery of the world's largest economy is on a stable footing.
Asian stocks joined the global rally on Tuesday after strong data from the euro zone and the U.S. bolstered confidence in the global economy.
The euro edged higher against the dollar on Monday after two days of losses, lifted by euro zone data showing business activity picked up, while uncertainty over the Federal Reserve's economic stimulus program kept investors wary of the greenback.
Caution dominated trade in Asia on Monday after a preliminary reading of Chinese manufacturing activity fell to a three-month low in December.
U.S. stocks stepped higher on Friday, rebounding after a three-session decline.
U.S. stock index futures moved higher ahead of the publication of the Producer Price Index (PPI) for November at 8:30 a.m. ET.
U.S. crude oil fell, pressured by expectations that the Federal Reserve could announce a pullback of its bond-buying program.
Gold settled nearly 1 percent higher on Friday, helped by some buying after a sharp plunge in the previous session, but remained vulnerable.
Asian stocks followed Wall Street lower on Thursday on speculation that the Federal Reserve could pull back on its stimulus program soon.
Japanese stocks snapped their three-day losing streak on Friday as the yen resumed its decline.
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