FXstreet.com (Córdoba) - The Dollar strengthen across the board after better-than-expected data on retail sales in the U.S. Greenback jumped more than 30 pips against the Yen in a few minutes from 88.85 to 89.25, reaching a fresh intra-day high. To the upside the next resistance lies at 89.50/55 and above at 89.80 and 90.05/10.
The ecPulse.com analysis team affirms: The trading range for today is among the key support at 87.10 and the key resistance at 90.75. The general trend is to the downside as far as 102.60 remains intact with targets at 82.60.
Retail sales in United States has risen 1.3% between October and November, better than 0.6% increases expected by market. Excluding cars, retail sales has climbed 1.2%, better than 0.6% expected by market and well above 0.2% increases posted in previous month.