A winter freeze has been blamed for the poorer than expected US Retail Sales in January with the data showing a drop of 0.4%. The US Dollar has remained under selling pressure this week particularly against the Euro and Pound. You may recall a few days ago I mentioned the Euro and Pound would likely rise against the US Dollar as a result of money flows into Europe increasing while question marks remain around the US economic recovery. That trend looks likely to continue in the medium term.
Get the latest Forex news from the LTG GoldRock Team.
No comments:
Post a Comment