• Already off to a subdued start to the session, the dollar lost more ground after disappointing news on the all-important U.S. consumer. Retail sales unexpectedly sank 0.6% in February versus forecasts of a 0.3% gain. Core spending was flat (0.0%) and also undershot expectations of a 0.4% increase. 
  
  
• Though disappointing, Mother Nature likely kept consumers from spending which suggests activity could soon bounce back when the weather improves. Jobless claims beat expectations, unexpectedly falling below 300,000 to 289,000. 
  
  
• Heading into next week, the pace of any further dollar appreciation could slow on uncertainty over the outcome of the Fed decision on March 18. Will the Fed word its statement to prep markets for a rate hike in the months ahead? What about the buck? Will its rise warrant a warning from the Fed since it can crimp growth?