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Dollar Awaits GDP, Euro Rises


Concerns that the U.S. could report lackluster GDP, weakening the dollar, even as Germany issues stronger economic reports, lifted the euro to a 14-month high. [CNBC]

Euro zone economic sentiment improved more than expected across all sectors in January, helping the euro lift. [CNBC]

The dollar edged higher against the yen ahead of the release of fourth-quarter GDP data. [WSJ]

China's yuan broke a week-long losing streak and the central bank signaled tolerance for some currency appreciation. [CNBC]

Big moves in safe haven currencies like the yen, Swiss franc, and British pound are drawing investors back into the forex market, and banks are seeing sharply higher trading volume. [FT]

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