US Dollar Strengthens as Retail Sales Fall Short of Expectations - Key Highlights from the Forexlive Americas FX News Wrap

Thursday, 14 March 2024, 20:29
The latest Forexlive Americas FX news wrap highlighted how the US dollar climbed despite softer than expected retail sales data for February. The post also covers key economic indicators such as PPI, jobless claims, and business inventories, along with central bank updates from BOJ and ECB. Markets reacted with gold down, WTI crude oil up, and S&P 500 slightly down, showcasing the USD leading performance while AUD lagged behind. Overall, the post provides insights into the impact of economic data and central bank actions on the currency markets.
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US Dollar Strengthens as Retail Sales Fall Short of Expectations - Key Highlights from the Forexlive Americas FX News Wrap

Forexlive Americas FX News Wrap

The latest update from Forexlive Americas revealed that the US dollar continued its ascent despite weaker retail sales in February. The post outlined various economic indicators such as PPI, jobless claims, and manufacturing sales from Canada.

Key Points:

  • US retail sales up 0.6% vs 0.8% expected
  • BOJ may end negative interest rate policy next week
  • ECB signals rate decision in June

Market reactions included gold price decline, WTI crude oil increase, and S&P 500 dip. The USD outperformed while AUD struggled in the market dynamics. Stay tuned for more updates.

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