Sterling rose on Thursday away from a one-week low hit last week, as the royal currency rebounds following dollar's tumble on profit-taking after hitting a five-week high yesterday.
 
GBP/USD last traded at 1.2495, up from the opening of 1.2462, with a session-high at 1.2520, and a low at 1.2454.
 
The dollar fell today for the second session after surging yesterday following strong U.S. retail sales and inflation data, with traders collecting profits on the greenback, in turn buoying the pound.
 
The dollar is till hurting the pound due to the divergence in the monetary policy between the Fed, which could raise interest rates in March as alluded to by Chair Yellen, and the Bank of England, which plans to keep interest rates at their record lows alongside the stimulus program.
 
The gains remain limited for the pound due to wavering from last week, as markets await further developments regarding the Brexit negotiations.

The Canadian dollar pared its gains versus the U.S. dollar after crude prices fell, hurting the loonie as they go hand in hand usually, while the greenback kept falling against a basket of currencies on profit-taking.
 
USD/CAD last traded at 1.3061, down from the opening of 1.3070, with a session-high at 1.3073, and a low at 1.3009.
 
Canada's currency rose to one-week high today as the greenback tumbled on profit-taking after hitting a five-week high yesterday against a basket of currencies, buoying the loonie.
 
However, crude's decline today as U.S. crude stocks increase hurt the loonie, while the greenback hovers near the opening levels.
 
The dollar index, measuring the greenback versus a basket of peers, fell to 100.54 from the opening of 101.05, with a session-high at 101.06, and a low at 100.51.

Euro kept rising on Thursday for the second day in a row to a one-week high on short-covering after hitting a five-week low yesterday, as the dollar fell and following the release of the European Central Bank's meeting minutes today.
 
EUR/USD last traded at 1.0666, up from the opening of 1.0602, with an intraday high at 1.0670, and a low at 1.0601.
 
The dollar fell today away from a five-week high hit yesterday, underpinning the common currency and triggering short-covering after recent tumbles.
 
The ECB's meeting minutes focused on inflation rates in the Eurozone, forecasting a rise in the medium term as oil prices rise, with the bank expecting a rate of 1.4% in 2017, and 1.5% in 2018.
 
Bullish outlook for inflation in the Eurozone buoyed the common currency to a one-week high even after odds rose for a Fed rate hike in the March meeting following Fed Chair Yellen's Congress testimony.

U.S. stock indices steadied at the open today, inching down to gather momentum after hitting record highs recently and triggering profit-taking efforts ahead of the weekend.
 
U.S. president Donald Trump about finishing up a "phenomenal" corporate tax plan helped stocks surge recently, adding to Fed Chair Yellen's bullish statements about the U.S. economy.
 
But after Yellen kept the door open for a rate hike in the Fed's next March meeting, stocks dithered and traders started closing their positions to collect profits.
 
The dollar returned lower today for the second session in a row, after hitting a five-week high yesterday, which buoys shares of American exporters and pushes Wall Street into a dithering state.
 
Standard and Poor's 500 fell 0.16%, or 3.67 points to 2,345.58, while Dow Jones inched down 0.02%, or 4.71 points to 20,607.15.
 
Tech-heavy NASDAQ added 0.01%, or 0.13 points to 5,819.57.