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The Dollar continued to weaken versus most majors as carry trade and risk appetite remained the main source for the Dollar's weakness. The Widening deficit in the Trade Balance and an unexpected drop in Michigan's Consumer Sentiment worried investors about the recovery but gains in stocks left risk appetite strong. NASDAQ and Dow Jones gained by 2.62% and 2.46% respectively. Crude Oil declined by -0.98% the past week closing at 76.35$ a barrel after probably making a false break below 76$. Gold (XAU) continued making new highs closing at 1,118.41$ an ounce with a 1.8% weekly gain. Looking ahead, Retail Sales on Monday are expected stronger with 1% versus -1.5% prior as consumer spending rises. U.S CPI will be released on Wednesday and is expected with 0.1% versus 0.2% prior, CPI will reveal more information on the looming inflation.
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