The USD pares European morning losses to......>

FOREX: The USD pares European morning losses to sit largely flat on the session

as focus turns to US Retail Sales and Imports/Exports data at the bottom of the

hour. Retail sales are forecast to rise 0.4% in August after a surprise 0.5%

gain in July. Not seasonally adjusted industry motor vehicle sales rose slightly

in August, but AAA reported that gasoline prices slipped modestly in mid-August

from one month earlier. Retail sales are expected to be up 0.5% excluding motor

vehicles after a 0.6% rise in July, further sign of underlying strength in the

third quarter. Imports and exports price index data for the month of August is

expected to show that imports prices declined by 0.2% compared to flat-lining in

July. In July, export prices declined by 0.5%.