The dollar is trickling down

The dollar is trickling down.

The US dollar index is down by 0.4% at 101.09 as of 8:26 a.m. ET.

“The kind of momentum seen throughout the capital market in most of the fourth quarter last year has yet to return,” Marc Chandler, global head of currency strategy wrote.

Additionally, Friday is looking to be a stacked data day.

Retail sales will be out at 8:30 a.m. ET, University of Michigan consumer confidence will be released at 10 a.m. ET, and the Baker Hughes rig count will cross the wires at 1 p.m. ET.

As for the rest of the world, here's the scoreboard as of 8:15 a.m. ET:

The euro is higher by 0.4% at 1.0658 against the dollar. Separately, Spanish CPI rose by 1.6% year-over-year in December, above expectations of 1.5%. The Korean won ended up 0.8% at 1174.98 per dollar after the Bank of Korea cut its growth forecast and held rates at 1.25%, as expected. The Russian ruble is little changed at 59.3656 per dollar, while Brent crude oil, the international benchmark, is down by 0.6% at 55.72 a barrel. The Turkish lira is down 0.7% at 3.7869 per dollar. The Mexican peso is stronger by 0.5% at 21.6728 per dollar. The Japanese yen is up by 0.3% at 114.38 per dollar.