US dollar holds steady ahead of retail sales data

The US dollar is holding steady against the euro ahead of the US retail sales data release (1:30 pm GMT). January’s retail sales report is expected to show headline growth remaining unchanged at December’s pace of 0.3% MoM. Core gauges are also forecast to increase 0.3% MoM. EURUSD is trading at a 3-year low but attempts to break back above 1.0850.

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