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Resilient Consumer Spending Data Lifts Dollar Again Last Week

Por: RTTNews Business January 22, 2024

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The U.S. Dollar strengthened against major currencies during the week ended January 19 amidst strong Retail Sales data from the U.S. that implied resilient consumer spending despite high interest rates. Amidst hawkish commentary from Fed officials that caused a scaling back of rate cut expectations, the Dollar rallied against the euro, the British pound, the Australian Dollar as well as the Japanese Yen. The Dollar Index, a measure of the... + full article



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