USD gives back post-CPI gains into the weekend
Downbeat retail sales fogs Fed taper talk expectations
Upcoming FOMC may provide next shift for US Dollar
A much hotter-than-expected consumer price ( CPI ) print roiled markets and saw a wave of strength carry the Greenback higher last week. However, a softer-than-expected retail sales print sapped strength into the weekend. An uptick in consumer expectations through the University of Michigan’s consumer confidence survey did little to revive the USD.
There's a high possibility we might see some more decline back to (89.0) for a retest before price move long.
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