Flash: USD squeeze to pause? – Investec

FXstreet.com (New York) - According to Lee McDarby, Corporate Treasury at Investec, “The US data releases this afternoon, which will shed further light on the underlying momentum in the economy and may cause a brief pause in the dollar squeeze.”

Moreover, this trend still looks like it has further to run with market positioning still significantly long US Dollars. Initial Jobless claims alongside US retail sales are due at 1.30pm. Last month’s retail sales figure surprised to the upside and given last week’s stronger than expected nonfarm payroll release, market consensus is for a 0.4% increase today.