(Bloomberg) -- The dollar strengthened on
speculation reports on U.S. consumer prices and retail sales this
week will provide further evidence the economy is strong enough
not to warrant a cut in interest rates this year.
The dollar rose against 12 of the 16 most-traded currencies
this month as Treasury yields touched a five-year high, widening
the spread over German and Japanese debt. Retail sales likely
rebounded in May and consumer price inflation held above the
range Federal Reserve policy makers have indicated they are
comfortable with.
Read more at Bloomberg Currencies News
speculation reports on U.S. consumer prices and retail sales this
week will provide further evidence the economy is strong enough
not to warrant a cut in interest rates this year.
The dollar rose against 12 of the 16 most-traded currencies
this month as Treasury yields touched a five-year high, widening
the spread over German and Japanese debt. Retail sales likely
rebounded in May and consumer price inflation held above the
range Federal Reserve policy makers have indicated they are
comfortable with.
Read more at Bloomberg Currencies News
No comments:
Post a Comment