The doves are downing the dollar and the data could follow. While safe haven currencies don’t make the same gains as others, this is an outright sell-off of the greenback with the pound ignoring poor data and the Aussie also recovering. The next move depends on the performer of the biggest driver in the US economy: the consumer. Retail sales will set the tone for the next 24 hours.
Read the rest of the article Dollar down ahead of critical retail sales