Euro Remains Under Pressure, U.S. Dollar Looks For Direction

Talking Points
• Japanese Yen: Continues to Weaken Against Majors
• British Pound: BoE Sees Scope For Further Easing
• Euro: Trade Surplus Tops Forecast
• U.S. Dollar: Retail Sales, Business Inventories on Tap

Fears surrounding the European debt crisis continued to weigh on the single-currency, and speculation for an EU bailout is likely to push the exchange rate lower throughout the day as policy makers hold a cautious outlook for the region.

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Best regards,

DailyFX Research Team