The US Dollar rose to a six-week high boosted by higher inflation and better-than-expected retail sales figures.
Later today, traders await a set of economic releases from the US to drive the market sentiment. Housing starts are expected to have declined in January from 1.382M down to 1.360M, meanwhile, analysts are seeing a high reading in building permits which are due to rise from 1.337M up to 1.350M.
Moreover, forecasts are pointing to a rise in initial jobless claims from 196K up to 200K.
Looking now at the latest price action developments in the major currency pairs alongside gold.