Lost ground last week as the Greenback was supported by better than expected U.S. inflation data and news from the Trump administration announcing it would release its tax reform plan in the next few weeks. The week began with the rate making its weekly high of 1.2028 on Monday after ECB Executive Board member Benoit Coeure said that, “Compared with past demand shocks, policy will remain more accommodative for longer, thereby likely muting further the pass-through of any growth-driven exchange rate appreciation”. On Tuesday, the pair gained a fraction after ECB Vice President Vitor Constancio, speaking in Frankfort stated that, “By keeping a sufficient degree of monetary policy accommodation we can be confident that our goal will eventually be reached, in accordance with our mandate. Non-standard measures are going to be part of our toolkit for some time to come, and some of them might even be deemed standard measures at some point”. Tuesday’s Eco-data had U.S. JOLTS Job Openings increase to +6.17M compared to an expectation of +5.96M. The rate resumed its selloff on Wednesday after news that U.S. President Donald Trump’s tax reform would be released the week of September 25th. Wednesday’s numbers had U.S. PPI increase by +0.2% m/m versus +0.3% expected, and Core PPI, which increased by +0.1%, missing the consensus of +0.2%. The pair then made its weekly low of 1.1837 on Thursday before gaining after ECB governing council member Bostjan Jazbec said that, “The timing for the decision (on reducing bond purchases) has been postponed mainly because developments are in our view still not confirming the decision which will inevitably follow.” Economic numbers on Thursday included U.S. CPI, which increased by +0.4% compared to +0.3% expected, while Core CPI increased by +0.2%, in line with expectations, and Initial Jobless Claims, which dropped to 284K versus 303K anticipated. The rate extended its gains on Friday after U.S. Core Retail Sales increased by +0.2% m/m versus +0.5% expected, while Retail Sales declined by -0.2%, significantly lower than the expectation of +0.1%, with the previous number downwardly revised from +0.6% to +0.3%. EUR/USD closed at 1.1943, with an overall loss of -0.7% for the week.