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NEW YORK, April 14 - The dollar slipped on Monday, surrendering earlier gains, as worries about a gloomy U.S. economic outlook outweighed the Group of Seven nations’ heightened concern about currency volatility.

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·Why did the US dollar gap higher during the opening of this week’s Asian trading session? · US retail sales show surprise improvement, but a breakdown of the index tells a different story.

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For today, in contracts.

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The Eur/USD gaps down into “do-or-die” territory while the U.S. retail numbers come out surprisingly high. In Europe, the ECB is warning that inflation may soon rear its ugly head.

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(Updates prices, adds quotes, U.S. data, changes byline, dateline; previous LONDON)

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HONG KONG (Thomson Financial) - The U.S. dollar extended its fall against the yen in afternoon Asian trade on Monday as investors doubted the Group of Seven could intervene to arrest volatility in the currency market.

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The Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), Forex and Money Markets remained closed on Tuesday on account of Dr Babasaheb Ambedkar Jayanti. They will re-open on Tuesday.

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This week, a slew of inflation reports will be released from the US, UK, Euro-zone, New Zealand, and Canada and the news is likely to spark volatility for each country’s respective currency upon release. However, carry traders should keep their focus trained on the US equity markets, as first quarter earnings reports scheduled to hit the wires throughout the week could shake things up.·          …

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HANOI -(Dow Jones)- The State Bank of Vietnam has requested all banks to tighten their loans in foreign currencies in an effort to stabilize the domestic market and reduce dollarization, a central bank official said Monday.

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SYDNEY (Thomson Financial) - The U.S. dollar was weaker against major currencies in the morning session in Sydney after early gains following the Group of Seven nations and central bankers’ warning that turmoil in the global financial markets remains challenging and is likely to be more protracted than previously expected.

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