Boston Fed Chairman Rosengren's comments were bearish for the dollar. With the market waiting for inflation, the USD/CHF recovered 38.2% of its rise. The book is no longer progressing.

Better-than-expected economic data boosted the euro and the yen and weighed on the dollar. The euro was supported after the publication of better-than-expected retail sales figures but these figures will need to be confirmed by the ZEW index this morning. The yen benefitted from stronger producer prices.
Rosengren said that a full recovery may take longer than expected and that a very accommodative Fed policy is appropriate.
The pound reacted only slightly to English GDP, although it came out better than expected at -7.8% against a consensus of -8.3%. The dollar against the Swiss franc returns to the last low of 0.9215 after several sessions of decline, which also corresponds to a retracement of