FX.co ★ Fundamental Analysis, January 20, 2012

The U.S. economic data released on Thursday, a drop in weekly unemployment requests in particular, gave a new impetus to market that started to search for assets, weakening the dollar.
The rise of the euro yesterday, accompanied by the British pound, the franc and the ensuing decline in the yen (which acts almost par with the dollar) is mainly due to that fact.
However, the single currency has lost some speed in the last hours, but without losing the short-term uptrend.
The bags of the old continent did not have a good day, however. The main operating rates lower, with losses ranging in the order of 0.7%. But with reference to the approaching weekend and the definition of the problem of debt ahead of Greece, these rates may be due to profit taking, a week very positive for the major European papers.
The news agenda on Friday include the retail price index in Canada, at 7:00 Eastern, and a key figure for the U.S. economy: sales of existing homes, at 10:00. It is speculated that the figure will publish the best since May 2010, thus giving a new signal of encouragement to the recovery of the world's largest economy.