During today’s early trading session, Asian stocks traded higher after mixed Japanese reports. Following the release of negative Australian data showing that the Employment change during the month of February had risen by 15.6k the AUD rose against the Dollar and reached its weekly high.
During the European session, the Euro retreated slightly from 12 year lows against the Dollar, following the release of positive data from France, the French yearly and monthly HICP and the CPI all showed better than expected figures.
The Dollar index retreated from all-time highs as currency traders made gains. Furthermore, at the open of the American markets negative data releases showed that the Core Retail sales and Retail sales declined more than expected. These negative reports weighed on the Dollar, however expectations that the Fed is to raise interest rates midyear continues.
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