The Dollar weakened versus most majors after gains in stocks and the Trade Balance that showed a deficit of -36.5B wider than -31.8B expected. Michigan's Consumer Sentiment came out worse than expected dragging the Euro and Pound lower, but stock market gains pumped risk appetite back up. NASDAQ and Dow Jones gained by 0.88% and 0.72% respectively as better earnings and company mergers led to gains. Crude declined by -0.77% closing at 76.35$ a barrel and Gold (XAU) resumed gaining with 0.91% rise closing at 1116.1$ an ounce. Today, Retail Sales are expected better with 1% versus -1.5% prior and Core Retail Sales are expected slightly worse with 0.4% versus 0.5% prior. Fed Chairman Bernanke and FOMC Member Kohn will speak today.
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