Really quite strong Retail Sales needed to provide sustainable support for the Dollar – Commerzbank RetailSales DollarIndex Fed Banks
“Today might provide some support for the US currency on the economic front though. We expect a decent rise inin October, which would illustrate that the Fed rate hikes are not yet affecting the mood of US households to spend. That in turn provides the central bank with scope to tighten its monetary policy further. However, the data would probably have to be really quite strong to provide sustainable support for the Dollar.
“We too only expect economic growth to turn negative next year. That in turn means that a currently only marginally stronger economic development does not necessarily mean that the rate hikes are evaporating without effect, thus requiring a more aggressive approach.” Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Really, Really Good Fashion Finds to Shop During the Early Black Friday SalesVogue has virtually combed the racks, plucking out standout fashion finds from the early Black Friday sales so you don't have to.
Read more »
Margot Robbie Is Nobody’s Barbie: The ‘Babylon’ Star on Navigating HollywoodMargot Robbie says the ‘Pirates of the Caribbean’ spin-off film she had previously been attached to is no longer happening. 🔗:
Read more »
USDJPY rebounds firmly from 140.00 on Japan’s negative GDP, US Retail Sales eyedThe USDJPY pair has delivered an upside break of the consolidation formed in a 140.00-140.20 range after the Japanese Cabinet Office reported a negati
Read more »
US Dollar Index regains 107.00 as Fedspeak underpins firmer yields, focus on US PPI, Retail SalesUS Dollar Index regains 107.00 as Fedspeak underpins firmer yields, focus on US PPI, Retail Sales – by anilpanchal7 DollarIndex RiskAppetite Fed China Macroeconomics
Read more »
China’s October Retail Sales and Industrial Output disappointChina’s October Retail Sales YoY, declined sharply to -0.5% vs. 1.0% expected and 2.5% previous while Industrial Production YoY came in at 5.0% and 5.
Read more »
Gold Price Forecast: XAUUSD oscillates above $1,770 as focus shifts to US Retail SalesGold price (XAUUSD) is juggling in a chartered territory above the critical hurdle of $1,770.00 in the Asian session. The precious metal has turned si
Read more »