 Swiss Franc is trading as the strongest major currency today, but it's now followed by Dollar as the second weakest, who's paring some of the steep losses this week. Sterling is the weakest one after Prime Minister Theresa May's Chequers Brexit proposals were rejected by the EU. And May is being bashed by media at home. Yen isn't the second weakest one though, as it's also paring some of this week's loss. Canadian Dollar gets not support from stronger than expected retails and is trading mixed. Technically, EUR/GBP's break of 0.8935 minor resistance suggests earlier than expected bottoming in the cross. GBP/USD's sharp pull back is an early signal of rejection by 1.3316 fibonacci resistance. EUR/USD breached 1.1779 fibonacci resistance earlier today but it's now back below. Focus will now turn to 1.3096 minor support in GBP/USD and 1.1723 in EUR/USD for more sign of bottoming for the greenback. Released from Canada, headline retail sales rose 0.3% mom in July, matched expectation. Ex-auto sales rose 0.9% mom, above expectation of 0.6% mom. Headline CPI slowed from 3.0% yoy to 2.8% yoy in August as expected. Core CPI common rose from 1.9% to 2.0%. Core CPI Media rose from 2.0% to 2.1%. Core CPI trim rose from 2.1% to 2.2%. The set of data should be Canadian Dollar supportive, but we haven't seen it manifested in the markets yet. | 
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