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Will U.S Retail Sales Test New EUR Lows?
As investors head Stateside, this morning’s focus will be on March’s U.S Retail sales data and whether the series could re-enforce speculation that the Fed could begin its tightening policy my mid-year. Retail sales data has been negative for the past three-months and is expected to rebound with a vengeance this time around (+0.7% vs. -0.1%). This has certainly been one of the few factors helping the USD in recent sessions. The EUR/USD (€1.0561) currently remains in the lower portion of its one-month trading range of five big figures (€1.05-1.10). A strong print this morning has the potential of putting the ... (full story)