Session Recap: Euro's overall sentiment continues bearish

The US dollar is trading mix against its major rivals, recovering ground against the Euro and the Pound bud negative facing the Japanese Yen and the Swiss Franc. The British Pound suffered in the weak of BoE king comments, saying the UK faces a further bout of inflation and a muted economic recovery. On the Euro side, The single currency is under pressure on verbal interventions such as Rehn saying that Eurozone growth will only turn positive in the H2 2013.

US Retail sales posted a weak 0.1% increase in January, however it was the third straight positive week. The alarm came from the bonds market, where the US 10 Y bonds was sold above 2% for first time in a year.

Main Headlines in America (in chronological order):

US: Retail Sales rose 0.1% MoM in January
American equity markets edge higher Wednesday
US: Business Inventories rose +0.1% in December
Forex: EUR/USD intensifies the correction, around 1.3435/40
Euro fails to sustain gains
Forex: GBP/USD in red hovering over 1.5550
Forex: US Dollar Index slightly up around 80.20
US markets trading mixed, dollar flat
Forex: EUR/USD glued to the area of 1.3445/50