news economics USD the Retail Sales in the order of the day yesterday the U.S. currency registered a minimum of 4 months ago against the majority of currencies, while widespread optimism that reigns in the market led to several investors to invest in higher risk assets. Against the euro, the dollar recorded minimum of 7 weeks ago reaching the 1.3700, while against the pound recorded minimum of 4 months ago, and the pair closed at the 1.5290 area. Yesterday the official data with respect to the balance of trade, showed that the gap has widened during the month of March, for the first time in eight months, since imports of crude oil increased, but on the contrary exports decreased. Since last year, both exports and imports in the United States fell, above all by the delicate situation lending after the global crisis, and also cuts expenses implemented both consumers and entrepreneurs.
However, a sign of improvement, imports declined at a pace lower than estimated, only a 1% fall in March, compared to the fall of 5% recorded in February and in other months. For today are awaiting Retail Sales and Crude Oil inventories, indicators which will be announced at 1230 GMT and 14: 30 GMT respectively. If the results are surprising, it may that the dollar will rebound after losses registered yesterday against the euro and the pound. However if the results prove below official estimates, the dollar could develop a bearish session during the day today. It would be advisable to follow closely such publications, given that investors may take advantage of fluctuations in the market. EUR euro continues to strengthen against the dollar yesterday the euro advanced against the American currency, especially once the Member of the ECB, Axel Weber, claimed that there is no need that the ECB continue buying private assets to boost credit development.