FX Update: EUR-USD remains well bid FX Update: EUR-USD remains well bid following yesterday's U.S. data misses, particularly the weak retail sales figure which sparked downward revisions to Q1 GDP estimates to the -0.7% area from the initially reported +0.2% figure. This has seen the dollar's yield advantage erode back to the 155 bp area at the 10-year T-note versus Bund comparison, down from above 160 bp. EUR-USD upside markers are provided yesterday's peak at 1.1383 and last Thursday's 10-week peak at 1.1392. USD-JPY has settled in the low 119s after dipping to a one-week low of 119.03 yesterday. The Tokyo high and the 100-day moving average at 119.35 now provide near-term resistance markers. Cable remains firm after clocking a five-month high at 1.5769 yesterday on data showing above-forecast UK wage data and a new cycle low in the unemployment rate. The dollar bloc currencies have posted fresh highs against the greenback. USD-CAD has dipped to a fresh four-month low at 1.1924, breaching a big-picture support region at 1.1950-1.2000. Steadier oil prices and the recent erosion in the U.S. dollar's yield advantage have been driving the pair lower. AUD-USD logged a four-month peak at 0.8163, and NZD-USD cracked to a nine-day peak at 0.7567 following strong NZ retail sales data.