The US dollar index experienced a small decline following strong US inflation statistics. The US PPI in February was 0.30%, somewhat higher than the expected 0.20% but lower than the previous month's reading of 0.50%. Annual inflation rose to 1.6%, exceeding the expected 1.1%.
In February, US retail sales climbed by 0.60% m/m, falling short of the expected 0.80% increase. Retail sales excluding autos were 0.30%, compared to a forecast of 0.50%.
Major resistance: 103.60/104.25.
Major support: 102.70/102.