The dollar was bid before the US economic data. The market responded quickly upon seeing the disappointing 0.1% rise in core CPI. Given the base effect, the 0.1% increase kept the year-over-year rate at 1.7% for the fourth consecutive month. The dollar reversed lower. Retail sales were largely in line with expectations. The 1.6% headline increased missed expectations by 0.1%, which is exactly what the August series was revised by (new reading of -0.1% instead of -0.2%). The September increase was the largest in two years. Autos and gasoline accounted for the bulk of the monthly increase, without which retail sales ... (full story)