Investors to focus on the last economic data due on Friday which is existing home sales for January amid their pursue to predict the Fed's upcoming pace of stimulus taper. As of 15:00 GMT, existing home sales may show a 4.1 drop last month to 4.67 million from the prior 1.0 percent advance. U.S. economic data to remain under the microscope after policymakers revealed their intention to continue with stimulus cut unless economic data shows deterioration. Fed minutes showed that policymakers would resume their $10 billion stimulus reduction starting from January as long as the economy is showing signs of progress. The recent data has showed that recovery is losing momentum in the world's biggest economy, yet some analysts think that cold weather is main reason behind the drawback in first quarter's figures. Fed Chairman Janet Yellen said raising interest rate would not depend only on unemployment rate. The dollar resumed its rebound for a third straight session on Friday to hover around 80.40 after touching a low of 80.32, according to the six-currency gauge the dollar index. In Canada, retail sales probably slipped 0.4 percent in December from 0.4 percent gain in November. Another report may show that CPI for the month of January rose 0.1 percent from the prior 0.2 percent drop. The world's 11th largest economy expanded for a fifth straight month in November on rebound in oil and gas production. The Canadian central bank predicted last month growth to reach an annualized 2.5 percent in the fourth quarter from 2.7 percent in the third quarter. Thats higher than the average of 1.4 percent posted over the previous seven quarters.