Forex Today: Dollar keeps recovering

Here is what you need to know on Wednesday, January 8th:

• Concerns about a Middle-East conflict eased but remain latent in the background. The American dollar recovered on relief, ending the day with gains against most major rivals.
• The EUR/USD pair fell toward 1.1130, despite upbeat EU Retail Sales and on-line with expectations CPI.
• The GBP/USD pair seesawed between gains and losses, ending the day lower as the UK Parliament returned from Christmas holidays and begun debating PM Johnson’s Withdrawal Agreement Bill. Policymakers set to vote next Thursday.
• The Australian dollar was the weakest, falling to 0.6858 against the greenback.
• Commodities were quieter, ending the day little changed. Oil lost some further ground.
• Cryptocurrencies kept rallying, with BTC/USD nearing $8,100.00.