a9b3166a22e5831e56234a0503c95ff1e1db0808

Dollar under pressure on weak stocks ahead of US retail data

The greenback has fallen this week against all 10 developed-nation currencies except the Norwegian kroneThe dollar came under further selling pressure on Friday as investors turned cautious over falling global stocks while awaiting fresh US data on retail sales later in the day. The prospect of a gradual tightening of US monetary policy if and when the US Federal Reserve starts raising interest rates has weighed on the US currency. “The Fed may be seeing that there’s no need to force markets to increase how much they are pricing in a December rate hike,” said Etsuko Yamashita, chief economist at Sumitomo Mitsui Banking Corp. in New York.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
President #Trump: U.S. dollar is "getting" too strong - CBS News https://t.co/dgXYXgHi36 #dollar https://t.co/iSWPww2cBR - 2 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *