(Reuters) - Data on Wednesday showed that U.S. retail sales rose 1.4 percent in May, the highest since 2006, with consumers shrugging off higher gasoline prices and boosting their spending on cars.
"Investors are thinking the economy is doing well as the stock market has calmed down and they see few signs of inflation," says Koji Fukaya, senior currency strategist at Deutsche Bank in Tokyo. "Unless this trend collapses, the dollar will stay firm."
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"Investors are thinking the economy is doing well as the stock market has calmed down and they see few signs of inflation," says Koji Fukaya, senior currency strategist at Deutsche Bank in Tokyo. "Unless this trend collapses, the dollar will stay firm."
Read more at Reuters.com Hot Stocks News
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