The Dollar fell against most majors as a bigger-than-expected increase in U.S. retail sales last month spurred demand for riskier assets. The Retail Sales came out at 1.6% vs. 1.1% forecast. In addition, Federal Reserve Ben Bernanke said the U.S. expansion will remain moderate as the economy contends with weak construction spending and high unemployment. NASDAQ and Dow Jones strengthened by 1.58% and 0.94% respectively. Crude oil jumped by 2.3% closing at 86$ a barrel and Gold (XAU) increased by 0.5% closing at 1159.6$ an ounce the strongest levels since Decembers. Today, Unemployment Claims are expected to weak from 460K to 439K and TIC Long-Term Purchases are expected to rise from 19.1B to 39.2B. Philly Fed Manufacturing Index is expected at 19.8 vs. 18.9 prior.
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