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Retail sales yesterday yielded a 0.6% increase surpassing substantially the forecasted 0.4% and doubling the previous month’s data that was 0.3%.
But retail sales weren’t the only contributing factors to the dollar’s continued momentum – on Asian markets U.S. Treasury note rose to 2.267% up from its Tuesday US closing at 2.266% and 2.218% on Monday.
Both of these figures contributed to traders buying back much of the US currency they offloaded last week in fear of a potential armed conflict between the U.S. and N. Korea.
This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.
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