The March retail sales report has been poorer than anticipated with a 0.3% growth while the inherent increase of 0.1percent has been the lowest since April 2004. Energy costs will continue to sap consumer spending in the brief term, making imports' power surprising. The buck is responsible to face an evaluation of 1.2960 support against the Euro, but brief positions provide little immediate value beyond there with a scarcity of power to push the dollar sharply lower.

Analysis provided by http://www.fxtoday.co.uk