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Forex: USD/CHF rallies towards 0.9500 on US data

The USD/CHF rallied on better than expected US retail sales, from 0.9450/60 area and currently just below 0.9500. Retail sales in the US rose 1.1% in February, surprising the 0.5% expectations. January data was revised higher, from 0.1% to 0.2%. Ex-auto data surprised at 1.0%, beating 0.5% consensus, and saw the January figure being revised higher, from 0.2% to 0.4%.

US import prices beat consensus at 1.1% in February, instead of the 0.5% expected, and increased the pace from January's 0.6%, with annualized data rebounding from -1.3% to -0.3%. Export prices rose from 0.3% to 0.8%, beating 0.3% consensus, with annualized data rising from 1.1% to 1.5%.

UBS analysts are bullish: “As long as support at 0.9394 holds, watch for a closing cross higher in momentum tools to signal resumption of strength”, wrote analyst Gareth Berry, pointing to resistance at 0.9552.

Forex: GBP/USD falls on US retail sales

The GBP/USD peaked at 1.4982 high during the London morning and found stable ground at 1.4950 ahead of the load of US data. However, improving data in the US provoke Dollar buying that sent the pair lower, now at 1.4935.
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Forex: EUR/USD dips to weekly lows on US sales

The single currency dropped to weekly lows in the proximities of 1.2970 after US retail sales posted a monthly expansion of 1.1% in February, surpassing the median at +0.5% and January’s 0.1%...
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