The dollar started the session on a firmer footing, as hotter than expected U.S. CPI initially supported yields and the greenback. As oil prices slid again, and as Wall Street sold off, the USD reversed course, taking EUR-USD toward 1.1135 from lows of 1.1067. USD-JPY touched 113.20 after the CPI data, before making its way to 112.31 lows on soured risk taking levels. USD-CAD spiked up to 1.3846 from 1.3765 on soft Canada retail sales, and fading oil prices, while cable rallied 100 points to 1.4375.
[EUR, USD]
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