The Dollar was under modest pressure early in the N.Y. session on Friday, which saw the DXY slip from London highs of 93.88, to a low of 93.54 after the open. Risk-on was in vogue again, which weighed on the USD, though sharply higher U.S. retail sales saw a modest reversal higher from there. Other incoming data revealed a weaker industrial print, though a slightly better consumer sentiment print. The retail sales figures, along with positive Covid vaccine news lifted Wall Street. Treasury yields were narrowly mixed. EUR-USD bottomed near 1.1710 early, later climbing modestly to 1.1744.
For more info about this post:
Rate an article for points!