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Forex Today: US Dollar falls back as market sentiment rebounds, US Retail Sales in the pipe

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The US Dollar eased back in Monday's trading as market sentiment improved ahead of Tuesday's trading session. Asia markets kick things off with the la

The US Dollar eased back in Monday's trading as market sentiment improvedahead of Tuesday's trading session. Asia markets kick things off with the latest round of the Reserve Bank of Australia's Meeting Minutes; in the European trading window, UK wages will drop, to be followed by the start of the EU's latest EcoFin meetings and a reading of the ZEW Economic Sentiment Survey for October, and the US market session has US Retail Sales and Canadian CPI inflation data.

35% against the Loonie on Monday, dropping steadily from the day's opening bids near 1.3660. Loonie bulls have their eyes set on the 1.600 handle on the USD/CAD pair, heading into a double-header of US Retail Sales and Canadian Consumer Price Index inflation figures. Canadian CPI inflation for September is forecast to hold flat at 4%.

 

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