Dollar Weakens on Soft Retail Sales Data; Sterling Dips Ahead of Inflation Test
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#15296a3b ver:0.9

The US dollar weakened on soft retail sales data, while sterling dipped ahead of an inflation test. The euro and sterling both gained against the dollar, while the dollar remained relatively unchanged against the yen. The Reserve Bank of Australia is expected to keep interest rates steady, while economists predict a rate cut in the fourth quarter. Soft US retail sales data reinforced bets of imminent Federal Reserve rate cuts, and markets are now pricing in a 67% chance of rate cuts in September. The Australian dollar outperformed against the greenback. #USD #EUR #GBP #AUD #Fed #inflation...

#newstr #UsDollar #Euro #Sterling #Rba #FederalReserve #RetailSales #BankOfEngland #AustralianDollar 

 https://here.news/story/15296a3b?ver=0.9