The Euro resumes its decline following strong US Retail Sales data
The divergence between the ECB and the Fed's rate outlook is expected to weigh on the Euro.
Geopolitical concerns are an additional support for the safe-haven USD.
The Euro’s mild upside bias seen during Monday’s European session has been hammered during US trading. The release of better-than-expected US Retail Sales has pushed US Treasury yields to fresh mid-term highs, bringing the US Dollar up with them.
Data released by the US Commerce Department revealed that retail consumption increased by 0.7% in March from 0.9% in February, beating expectations of a 0.3% rise. Excluding autos, total retail and food sales increased 1.1%, their best reading since January 2023.
Telah diedit 16 Apr 2024, 16:43
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