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Wednesday, August 15, 2012

Dollar upbeat on U.S. retail sales surprise


U.S. retail sales surprise on upside while focus now on U.S. industrial output and CPI coming up later today.
The US Dollar took off against the Japanese Yen yesterday on the back of stronger-than-expected US retail sales data.
The Euro also jumped higher against the Japanese Yen, but only managed to accumulate a small gain against the Dollar after better-than-expected German and French data was countered by growing concerns about a slowdown in the Euro Zone region.

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