STRONG US retail saies and WEAK US CPI could maintain the low interest rates mantra in Bernanke's upcoming speech today (14:00 GMT) at the expense of the US dollar. ALL traders will watch for this phrase in the speech. But EURUSD has yet to regain the $1.3685 resistance (76% retracement from Mar 17 high to Mar 25 low),a failure of which could see a retreat towards $1.3530. FX traders may grow suspicious of Greeces insistence to tap the bond markets, especially as questions remain about any additional conditions regarding the disbursement of the agreed-upon 30 billion euros from the EU.
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