US Dollar Weakens on Disappointing Retail Sales Data
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#332a5058 ver:0.35

The US dollar weakened as disappointing retail sales data raised expectations of Federal Reserve rate cuts. Retail sales in May rose only 0.1%, below the forecasted 0.2%, signaling a weakening consumer sector. U.S. Treasury yields also declined, with traders now pricing in a 67% chance of rate cuts by September. The outlook for the US dollar is bearish in the short term. #USD #retailsales #Fed #ratecuts...

#newstr #UsDollar #RetailSales #FederalReserve #TreasuryYields #Sterling #UkInflation 

 https://here.news/story/332a5058?ver=0.35