The US Dollar was bearish against most of its major pairs on Tuesday with the exception of the NZD, AUD and CAD. On the US economic data front, Retail Sales Advance rose 0.3% on month in October (+0.5% expected), compared to a revised +1.6% in September. Finally, Industrial Production increased 1.1% on month in October (+1.0% expected), compared to a revised -0.4% in September. On Wednesday, the Mortgage Bankers Association’s Mortgage Applications data for the week ending November 13th is expected. Finally, Housing Starts for October are expected to rise to 1,460K on month, from 1,415K in September. The Euro was … (full story)
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