US Dollar avoids another meltdown with the help of US Retail Sales

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• The Greenback dropped over 1.5% on Tuesday, its worst performance in over a year.
• Traders are seeing the US Dollar getting stronger again on the back of stronger Retail Sales data. 
• The US Dollar Index tries to recover some losses and stays afloat above 104.

The US Dollar (USD) is trading into a new reality on Wednesday while it tries to regain confidence by at least trying to recover some losses. Lower-than-expected Consumer Price Index (CPI) numbers for October led to a tectonic shift in all asset classes of financial markets: equities jumped, commodities rallied, bonds surged and in the forex market the Scandinavian and Central-Eastern European (CEE) currencies were the biggest winners on the back of a losing Greenback.