United States Retail Sales push the Dollar up

Source: Dukascopy Bank SA


The monthly US Retail Sales data has been published. Markets expected Retail Sales to have increased by 0.4%. The actual released number revealed an increase of 0.6%.

The US Dollar reacted to the news with a sharp surge up. The surge is attributed to the factor that higher retail sales are bound to boost inflation that would force the Federal Reserve to keep US Dollar base interest rate higher for longer. Namely, the US Dollar bonds and other investments that use the rate as a base are set to be more lucrative.
Back to articles

Actual Topics

Thu, 25 Jan 2024 13:31:16 GMT

ECB announces base interest rate

The European Central Bank has just published its Main Refinancing Rate. As expected, the ECB has kept the interest rate at 4.50%. The EUR/USD currency exchange rate reacted to the news by surging only ten points and testing the resistance of the 1.0900 mark.

Fri, 12 Jan 2024 13:34:25 GMT

US publishes Producer Price Index

The United States Producer Price Index shows the inflation level at the business level. Data for December has just been released. The monthly data revealed that prices have declined. The PPI was forecast to show an increase of 0.1%. Published month-on-month PPI is -0.1%. The Core PPI which excludes food and energy was expected to be at 0.2%. Actual released

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.