USD/BRL Exchange rate

EUR/USD is trading around 1.1350, paring back gains amid a rebound in the US dollar. The data published by Eurostat showed on Thursday that the annual CPI in the euro area was 5% in December, matching the market expectation and the flash estimate. Investors await ECB's December Meeting Accounts and mid-tier US data.

GBP/USD is consolidating gains below 1.3650, as firmer Treasury yields fuel a rebound in the US dollar across the board. Looming UK political and Brexit uncertainties limit the pair's upside. Hotter inflation in Britain keeps the BOE rate hike expectations intact. 

Gold price has stalled its upsurge, consolidating below two-month highs of $1,844 amid firmer yields. China’s policy easing driven risk-on mood also limits gold’s gains. Although decade-high inflation rates globally have gold bulls covered. 

DOGE price has seen three major uptrends face blockade around the same hurdle. The most recent rally failed to breach this barrier, leading to a steep correction. 

The Turkish Central Bank will announce its decision on monetary policy on Thursday, January 20. The CBRT is expected to remain on hold after slashing rates 500 bps.