Euro declines, erases most week's gains

Euro fell on Friday ahead of the weekend, threatening the gains made this week as the dollar rebounds today against a basket of currencies, hurting the common currency.
 
EUR/USD last traded at 1.0633, down from the opening of 1.0670, with a session-high at 1.0677, and a low at 1.0633.
 
Euro fell today as the dollar index regained its footing against main rivals after hitting a one-week low yesterday, forcing the euro to reverse lower and trim the week's gains.
 
Odds rose for another Fed rate hike in the bank's next meeting, adding to strong U.S. data that bolstered the greenback and nudged the euro lower today.
 
Euro's decline comes despite the rise in the Eurozone's trade balance surplus in December, which reached 31 billion euros, beating expectations of 28.7B, while November's reading was revised to 36.4B.