US Dollar experienced worst day in a month and dropped against major peers yesterday after the US retail sales missed forecast. The data contracted 0.8% vs expected -0.4%, while the prior data was a 0.9% decline. It is the first time since 2012 when retail sales recorded second consecutive decline. The negative data may be temporary as job market is recovering according to the recent job market report. However, majors took this opportunity to rebound against the Dollar. In addition, the Sterling finally broke through the long-run downward trendline and refreshed recent high to 1.5415. The strong rally showed the ... (full story)