FX Empire on Nostr: nostr:note1m8za7erlglkad2099fle453vj8dyzphj5qr8xyxgys94haccv9uskx6tcu

quoting note1m8z…6tcu

US Dollar Weakens on Disappointing Retail Sales Data
===============
#332a5058 ver:0.35

The US dollar weakened as disappointing retail sales data raised expectations of Federal Reserve rate cuts. Retail sales in May rose only 0.1%, below the forecasted 0.2%, signaling a weakening consumer sector. U.S. Treasury yields also declined, with traders now pricing in a 67% chance of rate cuts by September. The outlook for the US dollar is bearish in the short term. #USD #retailsales #Fed #ratecuts...

#newstr #UsDollar #RetailSales #FederalReserve #TreasuryYields #Sterling #UkInflation

https://here.news/story/332a5058?ver=0.35