Dollar set for weekly drop on US slowdown signs
==========
The dollar is set for its largest weekly fall versus the euro in two-and-a-half months as signs of cooling inflation and a softening US economy raise the prospect of rate cuts. The euro is up 0.9% on the dollar this week, breaking above resistance around $1.0855 and trading as high as $1.0895. US retail sales were flat in April and manufacturing output unexpectedly fell. The Australian and New Zealand dollars are each up more than 1% on the US dollar this week. Sterling is up 1.1% this week to $1.2664. Bitcoin is up 6.6% this week to $65,343. Chinese retail sales and industrial output data is due later in the session, and later on Friday final European CPI numbers are published.
#Dollar #Euro #RateCuts #RetailSales #ManufacturingOutput #AustralianDollar #NewZealandDollar #Sterling #Bitcoin #ChineseRetailSales #IndustrialOutput #EuropeanCpi
https://finance.yahoo.com/news/dollar-set-weekly-drop-us-011301366.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-17 03:55:39
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-17 03:55:39Event JSON
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"content": "Dollar set for weekly drop on US slowdown signs\n==========\n\nThe dollar is set for its largest weekly fall versus the euro in two-and-a-half months as signs of cooling inflation and a softening US economy raise the prospect of rate cuts. The euro is up 0.9% on the dollar this week, breaking above resistance around $1.0855 and trading as high as $1.0895. US retail sales were flat in April and manufacturing output unexpectedly fell. The Australian and New Zealand dollars are each up more than 1% on the US dollar this week. Sterling is up 1.1% this week to $1.2664. Bitcoin is up 6.6% this week to $65,343. Chinese retail sales and industrial output data is due later in the session, and later on Friday final European CPI numbers are published.\n\n#Dollar #Euro #RateCuts #RetailSales #ManufacturingOutput #AustralianDollar #NewZealandDollar #Sterling #Bitcoin #ChineseRetailSales #IndustrialOutput #EuropeanCpi\n\nhttps://finance.yahoo.com/news/dollar-set-weekly-drop-us-011301366.html",
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