The FX market is virtually unchanged since US traders arrived at their desks.
The US dollar jumped 15-20 pips in the aftermath of the retail sales report but the gains were quickly unwound. The upbeat attitude in stock markets is also a non-factor.
Eyes are on the euro as it retraces a portion of last week’s gains but the fall so far has barely scratched the 38.2% retracement level.
EUR/USD hourly
