Breaking News

Breaking News

US Dollar felt immediately after the release of CPI and retail sales data. US consumer price inflation for June has come in 0.0% (MoM) / 1.6%( YoY), a lower than expected while the core rate, which strips out food and energy prices as also a little softer at 0.1% / 1.7%. This means that the annual rate of headline inflation is at its lowest since October last year and will add to market doubts about the Fed’s rate hiking strategy. Retail sales were also poor, falling 0.2%(MoM) versus expectations of a 0.1% gain.

14 Jul 17 (Fri)

01:08 pm



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