The US dollar correctly lowered yesterday, but most of the selling was over by the end of the Asian session, and the greenback steadied in Europe and North America. The dollar is firm against the euro and yen but within yesterday's broad trading ranges. The Australian and Canadian dollar's gains from yesterday are being pared.
Read More »
Tag Archive: Japan Retail Sales
Retail sales are an aggregated measure of the sales of retail goods over a stated time period, typically based on a data sampling that is extrapolated to model an entire country. Measuring consumer demand for finished goods, retail sales help gauge the pulse of an economy and its projected path toward expansion or contraction. As a leading macroeconomic indicator, healthy retail sales figures typically elicit positive movements in equity markets.
FX Daily, September 29: Dollar Quietly Bid, while Market is Skeptical of OPEC Deal
The US dollar has firmer against most major and emerging market currencies. It remains well within its well-worn ranges, which continue to be narrow. A notable exception today is the yen's weakness. While the majors are mostly off marginally and now more than 0.3%, the yen is 0.75% lower. That puts the greenback at a six-day high (~JPY101.75) at its best.
Read More »
Read More »
FX Daily, June 29: Fragile Calm Ahead of Quarter-End
Sterling is firmer, but quarter-end considerations seem to be the key driver. Poor Japanese retail sales keep focus on policy response likely next month. New Zealand and Australian dollars are leading today's advance against the US dollar.
Read More »
Read More »