retail sales tomorrow to see whether the decline in consumer morale is being reflected in retail sales," said Fiona Cincotta, senior financial markets analyst at City Index. "Following the consumer sentiment data, attention will be firmly on U.S. The data is expected to show retail sales rose 1.1% last month, according to a Reuters poll. ![]() retail sales data on Tuesday for clues as to where the dollar may be headed next. But it firmed again on Monday after policy makers in Europe and the United Kingdom voiced growth and pricing concerns. ![]() The dollar index, which measures the currency against six peers, hit 95.462on Monday, its highest since July 2020, and was last up 0.274% at 95.394.ĭemand for the greenback had softened on Friday, when a report showed consumer sentiment dropped to its lowest in a decade, due in part to the surge in inflation. "It's been a while since we've had a real change in comparative sovereign rates and that seems to be where we're heading."
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