The USD is broadly stronger into the open, reacting to both the fundamental currency outlook, building geopolitical tensions, risks around the weekend G20 meetings and the obvious growth divergence between the U.S. and Europe. Today’s focus is expected to be retail sales, with the market looking for some hints as to how fallingoil prices are impacting consumers; as well as comments from the typically hawkish Bullard. After the market closes Fed Vice Chair Fischer moderates a panel on spillover effects.
Read the full report: FX Daily