MARKET RECAP Apr. 12 2013:By Saxo BankThe USD pushed back against the rest of the major currencies outside of the JPY (where another attempt at 100.00 was beaten back) ahead of key US Retail Sales and confidence data. I’ve discussed the drivers for the strength in EURUSD in recent days, suggesting that the main focus point here is the ECB’s “stand pat” stance relative to the on-going, open-ended QE in the US (with reduction of Fed asset...
