US Dollar Slips Lower Ahead of Key Economic Data; EUR and GBP Rebound

The US Dollar eased back on Monday ahead of US Retail Sales data on Tuesday. Markets turned risk-on, sending the USD into last week's range.

EUR/USD bounced from Friday's lows into 1.0495, now testing 1.0560 ahead of EU EcoFin meetings and German ZEW survey.

GBP/USD rose 0.6% on Monday, now testing 1.2220 before UK wage growth figures.

USD/CAD fell 0.35% on Monday, now eyeing 1.3600 ahead of US and Canadian inflation on Tuesday.

Gold slid 1.3% early Monday, recovering slightly to $1,920. US Dollar was weakest vs AUD on improved risk appetite.