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
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.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.