Just prior to the Easter break the dollar bulls made another move higher. Weaker than anticipated PMIs in Europe painted a picture of a continued struggle for economic traction. It also increased expectation of a need for the ECB to respond. Add in strong US retail sales number and the economic outperformance of the US continues. Yield differentials are swinging dollar positive once more and the greenback has responded on key markets. EUR/USD back below $1.1300, and Gold falling to a four month low, in addition to Cable back below $1.3000. Traders return to their desks after long weekend for Easter and their response ... (full story)