The Dollar weakened versus most majors as FOMC’s minutes lowered GDP forecasts and awakened fears of deflation among investors, making the greenback less appealing as risk grows. Also, Retail Sales data came out lower than expected at -0.5% vs. -0.2%. NASDAQ and Dow Jones rose by 0.35% and 0.04% respectively, crude oil declined by 0.54%, closing at 76.73$ a barrel, Gold (XAU) declined by 0.34% closing at 1207.9$ an ounce. Today, Initial Jobless Claims data is expected at 449K vs. 454K previous; Industrial Production data expected at 0.00% vs. 1.30% previous; Philadelphia Fed Manufacturing Index is expected at 10.0 vs. 8.0 previous.
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