FX trade was quiet in N.Y. on Monday, leaving the Dollar index little changed on the session. U.S. retail sales came in as-expected, while the Empire State index dipped, but not as much as forecast. Neither had much impact on the FX market. EUR-USD ranged between 1.1724 and 1.1695, while USD-JPY was stuck inside of 112.23-112.44. USD-CAD dropped to 1.3110 lows, despite a 5-plus percent drop in WTI crude prices. Cable reversed early gains, bottoming at 1.3217.
[EUR, USD]