EUR/USD (a 4-hour chart)
The U.S. dollar strengthened vs. its major competitors. Investors continued to work out a strong report on U.S. retail sales, disputing about whether the Fed cuts QE3 program at the next meeting or not.
The USA Producer Price Index was published for November. The index showed a decline by -0.1%. This figure can serve as a leading indicator of inflationary trends and its reduction is negative for the U.S. currency. The euro/dollar trading session was down warded and ended at around 1.3741. The British currency continued to lose the positions versus the U.S. counterpart.
Retailer sales report in the United States inspired "bears" to open a large number of short positions on Thursday; it was possible to indicate the continued downward trend on Friday.
The revised Industrial Production Index was published in Japan showing an increase by 5.4% in annual terms. This factor, combined with the strong retail sales in the US, cheered "bulls" to form a fresh yearly high, at around 103.91. Market participant decided then to take profits on long positions as the result there was a roll back to the 103rd figure.