There was little in the way of fundamental news for the US, but that will change on as the Commerce Department is forecasted to report that US retail sales fell negative for the seventh time during the past eight months in February, as deteriorating labor markets, tight credit conditions, and a year-long recession weighs heavy on the minds of consumers. More specifically, advance retail sales are anticipated to have contracted 0.5 percent during the month, and excluding auto sales are expected to have slumped 0.2 percent, marking what.

US Dollar Takes Bearish Turn Lower - US Retail Sales Could Impact Risk Trends on Thursday - New Zealand Dollar Surges as RBNZ Signals End to Easing Cycle, Australian Dollar to Face Employment Data Overnight - Euro Rallies for Test of 1.2850, Swiss Franc at Risk Ahead of Expected SNB Rate Cut - British Pound Rebounds Despite Disappointing UK Trade Figures, Start of Quantitative Easing US Dollar Takes Bearish Turn Lower - US Retail Sales Could Impact Risk Trends on ThursdayUS dollar price action was primarily responsible for much of what happened throughout the forex markets on as the DXY index finally broke below critical trendline support, suggesting the currency is officially turning lower.