Dollar fell in price after the opening of the US trading session. This happened despite the extremely weak retail sales data in the eurozone, which reportedly accelerated from -1.8% to -2.9%.
However, attention should be turned to the bond market, as the yield on 10-year Treasury dipped from 4.610% to 4.519%. This indicates that investors assume the easing of monetary policy in the near future.
Dollar may continue to weaken today, not because jobless claims may increase by 7,000. Instead, the reason could be the 30-year bonds, which could decrease rather noticeably.
EUR/USD rose above 1.0700, but did not lead to significant changes. Holding the price at 1.0650 and 1.0750 may cause subsequent price movements, such as speculative jumps.
A similar scenario could be seen for GBP/USD, as the local upward movement returned the quote above 1.2270. Despite this, the trend remains bearish, and holding the price below 1.2270 will likely lead to the further weakening of pound. In the event that the quote rises above 1.2300, the volume of long positions will increase in the market.
