The yen slipped on Tuesday in choppy trade while the dollar struggled against most currencies as earnings of Goldman Sachs and U.S. retail sales surpassed expectations, stoking modest hopes for an economic recovery

Eyes on U.S. jobless and retail sales data at 1330 GMT… U.S. crude stockpiles rise more than expected… IEA cuts global oil demand forecast…

The Daily Reckoning’s currency expert Chuck Butler says the dollar is being taken to the woodshed. The greenback is losing ground against all major currencies as the credit crisis continues to wreak havoc in the U.S economy. Chuck says disappointing inflation or retail sales data this week will send the dollar to new depths…