The US dollar recovered slightly from today's low of 96.94, currently trading at 97.20, following the rise in US inflation figures by the most in 9 months in October.
The US consumer price index rose by 0.3% on a monthly basis in October, and by 2.5% on yearly basis, indicating that inflation is rising at a steady pace that supports the Fed's path in continuing interest rate hike when it meets next month.
The Euro is still struggling to test the broken support at 1.13, as the Italian government sticks to a budget deficit of 2019, and most likely with prices below 1.13, the next target for the EURUSD will be 1.12.
The British pound is holding back some hope as British Prime Minister Theresa May tries to convince her ministers to approve the draft Brexit agreement today, the British pound rose to a daily high of 1.3034 before returning to trading currently at 1.2950.
Oil, after hitting a year low of $ 54.74 a barrel, rose around $ 1.80 to trade above $ 56.50 a barrel following news that OPEC and its partners will cut production at their meeting next month.
