U.S. Dollar Falls After Retail Sales Slump
Thursday, 14 February 2019 23:29 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The greenback fell on Thursday, then recovered slightly, as a steep decline in retail sales increased the chances of the Federal Reserve holding rates steady for longer.

The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, fell to 96.792 after the data before recovering to 97.03 as of 10:41 AM ET (15:41 GMT).

U.S. retail sales tumbled 1.2%, compared with forecasts for a gain of 0.1%, the Commerce Department reported. The numbers support the Fed continuing to pause rate hikes this year, as the government shutdown, slowing global economy and trade concerns could cause more consternation among American consumers.

Source : Investing.com

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