Retail sales show a monthly increase of 0.4%, slightly below expectations of 0.6%, while Core Retail sales reached 0.8%, above the 0.7% expected. Dollar is slightly higher across the board, except against commodity currencies, heading quickly higher.
Still nothing worth to mention, with EUR/USD around 1.4490 and USD/CHF at 0.8975. USD/JPY is back higher, nearing 84.20. However, the strong Chinese wall for the pair is at the 84.40/50 area; unless above it, gains will remain limited for…Continue
Added by Valeria B Bednarik on April 13, 2011 at 12:37pm — No Comments