- The euro (EUR) skyrocketed by 260 pips to 1.2886 before retrace back to 1.2820 yesterday against the US dollar (USD) as the monthly US Retail Sales came out to be worse than expected at -0.2% decrease, while the expectations were at 0.2% increase. The single currency had its biggest gain this year, as investors believe that it might be undervalued. Today the yearly European Final CPI will be announced and is expected to be at 0.3% increase.
- The US dollar (USD) crashed to a five-week low at 105.19 against the Japanese yen (JPY). The greenback is under pressure after the recent bad US data, as the monthly US PPI came out to be worse than expected at -0.1% decrease, while expectations were at 0.1% increase, along with the bad Retail Sales data. Today the US Unemployment Claims, along with the monthly US Industrial Production and the Philly Fed Manufacturing Index will be announced, with expectation at 286K, 0.4% increase and 19.9 respectively.