The dollar traded broadly lower in N.Y. on Wednesday, hurt overall by a weak April U.S. retail sales report. Hopes for a Fed rate hike continue to fade off into the distance, which have taken their toll on the greenback. EUR-USD opened the session near 1.1220, and by the time the dust had settled, the pairing made its way to highs over 1.1380. USD-JPY fell to two-week lows of 119.04, while cable rebounded from London weakness, climbing back toward 1.5770. USD-CAD traded to four-month lows under 1.1930, on firmer oil prices.
[EUR, USD]
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