The US dollar had a mixed day yesterday, performing well against the commodity backed currencies, but struggling against the Swiss franc and Japanese yen. Performance against the euro was particularly poor, with the US dollar falling to fresh 2-year lows this morning. The main release yesterday was the crude oil inventories which came out at a level that was better than expected; however, had little bearing on the market.
Today may see optimism that the dollar can recover somewhat, with monthly retail sales data due to be released alongside the weekly unemployment claims.
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