Bearish undertones continued to plague the US dollar during the New York session following rather lackluster US economic reports.

The US dollar is trading at a record low against the euro and everyone from traders to analysts will agree that the latest wave of selling was triggered by renewed concerns about the housing market and more specifically, the sub-prime sector. However the problems in housing may not be the only factor driving the dollar lower.

Currency technical analyst Jamie Saettele analyzes the euro against the Canadian dollar, Australian dollar, and New Zealand dollar.

There is no sign yet of a reversal but the long-term structure indicates reversal potential.

A light event calendar kept trading quiet in overnight session tonight with the biggest fireworks coming from New Zealand where retail sales blew past estimates, printing at 1.2% vs. 0.5% expected.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for July 13.

The greenback moved broadly lower against major counterparts, with the NYBOT-traded Dollar Index falling to fresh multi-year lows.

Todd Gordon is going to command a premium entry price in UDS/JPY to lessen the chance of being knocked out in a stop-run effort.

On Friday morning, the release of the US import price index and advance retail sales hold major market-moving potential, as the news will reflect two of the most important topics relating US asset trading: inflation and consumption.

Rumored in the overnight, officials at the China Insurance Regulatory Commission have mulled over allowing asset management branches of insurance companies to double their investment in local equities.