US: Retail sales and Fed speak in focus – RBC CM

Elsa Lignos, Senior Currency Strategist at RBC Capital Markets, suggests that the US retail sales and Fed speak will be in focus for today’s session.

Key Quotes

“We look for another strong outcome on retail sales, as aggregate income data have been picking up (RBC: 0.6%m/m headline and ex autos, control 0.4%). Fischer speaks at Brookings on market liquidity but the most interesting Fed speaker this week will be Chair Yellen, testifying to Congress on Thursday.”