Boston Fed President Rosengren's comments were bearish for the dollar. The market in anticipation of inflation, the USD/CHF retraced 38.2% of its rise. The pound is no longer growing.

Performer-than-expected economic data boosted the euro and yen and weighed on the dollar. The euro was buoyant after the release of better-than-expected retail sales figures but these figures will have to be confirmed by the ZEW index this morning. The yen benefited from stronger producer prices.
Rosengren said a full recovery could take longer than expected and that a very accommodative Fed policy is appropriate.
The pound reacted little to the English GDP, although it came out better than expected at -7.8% against a consensus of -8.3%. The dollar against the Swiss franc returns to the last market low at 0.9215 after several sessions of decline which also corresponds to a retracement of 38.2% Fibonacci.