Gold futures tilted lower in Asian trade as the dollar index scaled October 9 highs, ahead of a slew of US data while China is expected to cut tariffs on US commodities worth $75 billion by nearly half. 

As of 04:04 GMT, gold futures due in April shed 0.13% to $1,577 an ounce, while the dollar index rose 0.02% to 99.15. 

From the US, retail sales are expected up 0.3% as before, while core sales are estimated up 0.3%, slowing down from 0.7%. 

Import prices are expected down 0.2% in January, while industrial production is estimated down 0.2% as well in December. 

The capacity utilization rate is expected down to 76.9% from 77% in December, while business inventories are estimated up 0.1%. 

Federal Reserve Bank of Cleveland President Loretta Mester will   speak about payments modernization at the University of South Florida, in Sarasota.

China's President Xi Jinping expressed his belief this week that China would win its battle with the coronavirus and will achieve all of its economic and social targets and become "more prosperous after winning", pointing to positive results in containment.

USD/JPY tilted lower in Asian trade off January 21 highs following earlier industrial data from Japan and ahead of US data today. 

As of 05:59 GMT, USD/JPY shed 0.01% to 109.81, with an intraday low at 109.73. 

Earlier Japanese data showed the Tertiary Industry Activity index down 0.2%, compared to a 1.4% rise in November. 

From the US, retail sales are expected up 0.3% as before, while core sales are estimated up 0.3%, slowing down from 0.7%. 

Import prices are expected down 0.2% in January, while industrial production is estimated down 0.2% as well in December. 

The capacity utilization rate is expected down to 76.9% from 77% in December, while business inventories are estimated up 0.1%. 

Federal Reserve Bank of Cleveland President Loretta Mester will   speak about payments modernization at the University of South Florida, in Sarasota.

Euro tilted lower on Friday for a third session in a row against dollar ahead of European growth data for the fourth quarter of last year. 

EUR/USD shed 0.1% to 1.0827, the lowest since April 24, with a session-high at 1.0842. 

Euro lost 0.3% on Thursday, the second loss in a row on European economic slowdown fears. 

Euro is down 1.1% on the week as analysts expect the European Central Bank to expand its monetary easing program to bolster the economy. 

Earlier European data showed manufacturing declined more than expected in December in the euro zone. 

Euro zone GDP data will be released today, expected to show a 0.1% growth in the fourth quarter. 

Soybean futures rose on Thursday, bolstered by renewed hopes about China to increase its purchases of US farm goods according to the phase-one trade deal between the two countries.

Soybean prices were also buoyed by a drop in the US domestic crop production, despite forecasts of a strong harvest season in South America, especially by Brazil and Argentina.

The US investors fear that the strong performance by the dollar will impact demand for US agricultural crops, compared to the weak Brazilian real, and the Argentine peso.

It's worth mentioning that the US has signed with China the phase-one of the trade pact on Jan. 15, which consisted of Beijing purchasing $200 billion worth of US goods and services over two years, including about $40 billion of farm goods.

Soybean March futures rose 0.4% to settle at $8.95 a bushel, after hitting a high of $8.99, and a low of $8.88.