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The Dollar extends small gains post the US Retail beat

USD
  • A beat for US Retail Sales, but very limited impact in Treasuries
  • Tnotes just dropped couple of ticks.
  • USD is nonetheless underpinned.
  • Similar for the CAD, going a few pips offered against the USD, on the Wholesale Trade Sales miss.
  • USD in G10 is mostly up, although still lagging somewhat versus the NZD, NOK, and CAD.
  • NZDUSD is now only up 0.29%, after edging above 0.5% during the overnight and early European session.

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