US retail sales +0.8% vs +0.3% exp
Rehn: Spain has 'open mind' on aid request
Rehn: Eurogroup ready to act if conditions met
FT: Greece looking for two-year extension
EU split on ECB role in banking union
PPI +0.3% vs +0.2% exp
IBD/TIPP optimism 45.6 vs 46.9 exp
Business inventories +0.1% vs +0.2% exp
Greek bad loans rising
Roesler: debt shouldn't be shared
Fitch: US credit card delinquencies near lowest since 1994
CMHC: Canadian housing to moderate
S&P 500 flat at 1403
CAD leads, JPY lags
The yen was in focus today as it climbed to the highest in almost a month. The retail sales numbers may not have been as strong as they appeared but the threshold is low for optimism and USD/JPY cracked stops above 78.75 after the figures.
Strong USD was a theme as the euro and commodity currencies (excluding CAD) fell in US trading. Euro buyers defended 1.2325 early on but that level later gave way down to 1.2316.
Gold was hurt on dented QE3 expectations and touched below $1600.
AUD/USD tripped stops below 1.0495 and continued lower below 1.0480 before recovering somewhat.
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