Topside of the dollar blocked after poor retail sales.
In technical trade the dollar tried a cautious rebound on Monday morning. The attempted was aborted as the US retails were reported well below consensus. EUR/USD failed to sustained below 1.30. USD/JPY returned below the 100 mark. Today, the focus will be on the CPI data (in Europe, the US and the UK) and on the ZAW economic sentiment.
Read the full report: FX Daily
KBC