The pair has come under renewed selling pressure today, breaking below the 111.00 support once again and printing at the same time fresh daily lows.
The down move in spot came along a drop in yields of the US 10-year reference to the vicinity of 2.85% after climbing as high as the 2.90% neighbourhood earlier in the session.
Auspicious results from US Retail Sales during July failed to ignite a lasting reaction in the buck, while Industrial Production expanded below estimates 0.1% MoM and Manufacturing Production rose 0.3% MoM during last month, in line with prior surveys.
The down move in spot came along a drop in yields of the US 10-year reference to the vicinity of 2.85% after climbing as high as the 2.90% neighbourhood earlier in the session.
Auspicious results from US Retail Sales during July failed to ignite a lasting reaction in the buck, while Industrial Production expanded below estimates 0.1% MoM and Manufacturing Production rose 0.3% MoM during last month, in line with prior surveys.