The dollar has managed to rebound some of the lost ground seen yesterday. The AUD underperformed following a weaker than expected set of March data out of China, and while Q1 GDP data came in at six-year low of 7.0%, this was expected. EUR-USD's rebound yesterday stalled at 1.0707 and the pair has ebbed to the low 1.06s. Yesterday's softer PPI and retail sales data influenced the debate about when the Fed is likely to tighten away from June and toward September or later. This makes sense given the dovish lean to the Committee and their fears of a bearish market backlash.