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US dollar climbs after beat on the retail sales control group

Underlying momentum remains strong for US consumers and that's helped to lift the US dollar today, threatening an eight-day winning streak for the euro.EUR/USD was trading at 1.1256 ahead of the report but has fallen to 1.1229, down slightly on the day.A negative day today would end a streak of 8-straight gains for EUR/USD. Earlier today, the pair touched the highest since Feb 2022.The US dollar initially fell on the retail sales report as the headline was at +0.2% m/m compared to +0.5% expected... Read More

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Content Topics

Dollar

Climbs

After

Beat

Retail

Sales

Control

Group

Forex

Posted: Jul 18 2023, 13:13

Author Name: forexlive

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