The US dollar depreciated despite investors targeting safety investments, while stocks traded near opening levels as global recovery concerns eased among investors. China’s imports grew more than expected, which reduced concerns that economic recovery might flounder, accordingly, easing demand on low yielding assets as a haven.

Investors’ targeted gold earlier today on Bangladesh purchase of 10.0 metric tons of bullion from the IMF, as speculation rose that the previous dropping gold prices might spur demand on the metal. But the metal slumped as investors turned into high yielding assets. Gold traded at 1240.19 compared with the opening levels of 1243.56.

The Canadian dollar rose in trading Friday, marking the highest levels in three-weeks after the Canadian economy released the jobless claims report, showing that the economy managed to add more jobs during August, than initially expected, signaling that economic recovery is gaining momentum in the country. The Canadian dollar appreciated by nearly 0.5 percent against the dollar, reaching 1.0303 while setting a high of 1.0288.

Meanwhile, the euro gained against the dollar despite ECB chairman remarks on bank’s lending. Trichet stated that “We are accompanying the market as it progressively gets back to normal,” adding that “It’s a process that takes time.”

ECB extended its liquidity programs to banks until January 18, as announced in last week’s rate decision.

The US dollar index, that measures the performance of the dollar against a basket of currencies, fell on the daily scale to trade at 82.57, compared with the opening levels of 82.86. The index reached the highest at 82.87 and the lowest at 82.44.

The euro-dollar pair traded above its opening levels of $1.2693 after reaching a high of $1.2746 and a low of $1.2642. Currently, the pair is trading at $1.2700. A bullish intraday direction is projected for the pair, with targets at $1.2775 keeping in mind the importance of stability above $1.2690 in order to achieve those targets.

Moving to the Royal currency, the pair extended yesterday’s losses as its trading at 1.5403, compared with the opening levels of 1.5426, the pair reached the highest at 1.5465 and the lowest at 1.5362.Expectations for a bullish direction over an intraday basis, where its targets start at 1.5465. Notice that the suggested bullish trend requires trading to build a base above 1.5385 to prevail.

Finally talking about the dollar’s performance against the Yen, the USDJPY pair appreciated as it’s trading at 84.32, compared with the opening levels of 83.78, the pair managed to reach the highest levels so far at 84.38 and the lowest at 83.73.

The breach of 84.00 paved the path for the pair to target 84.75 and 85.00; accordingly, expectations for additional inclined are still intact, that requires trading to remain above 84.00.