SINGAPORE, Oct 18 — The dollar stood its ground today, though it struggled for further headway despite strong US retail sales data, as traders turned their attention to looming...
SINGAPORE, Oct 18 — The dollar stood its ground today, though it struggled for further headway despite strong US retail sales data, as traders turned their attention to looming Chinese growth figures and the escalating violence in the Middle East.
US yields had shot sharply higher after data showed retail sales increased strongly and more than expected last month, in the latest sign of the economy’s enduring strength. Two-year yields hit a 17-year high at 5.24 per cent.Advertisement The euro gained 0.1 per cent overnight and was steady at US$1.0570 in Asia today. The yen jumped briefly, before falling back to trade steady at 149.75 today.
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