• Dollar Settles as Confidence and Retail Sales Data Offers a Last Chance for Volatility this Week
• Canadian Dollar Recovers on Trade and Housing Data, Looks to Jobs Data for a Breakout
• Euro Discomforted by Policy Makers Doubts and Reservations
• New Zealand Dollar Fails to Generate the Same Volatility on Retail Sales that the RBNZ Mustered

The U.S. dollar is likely to face increased volatility over the next 24 hours of trading as economists forecast retail spending in the world’s largest economy to contract 0.2% in February, and the ongoing weakness in the private sector could lead the Federal Reserve to maintain a dovish policy stance over the coming months as the central bank aims to encourage a sustainable recovery.

The Swiss National Bank is widely expected to hold the benchmark interest rate at 0.25% in March as the central bank aim to balance the risks for the economy, and comments following the rate decision is likely to spark increased volatility in the exchange rate as investors weigh the outlook for future policy.

While most currencies have been consolidating or tracking lower against the buck on the day, Kiwi stands out and has actually outperformed, with no direct catalyst for the demand other than some pre-RBNZ volatility.

While most currencies have been consolidating in a tight range since the North American close, Kiwi stands out and has outperformed on the session, with no direct catalyst for the demand other than some pre-RBNZ volatility.