The dollar traded higher against most of the other G10 currencies yesterday, perhaps due to decent US data, including retail sales for December. The pound was the first inline winner, with its traders awaiting the UK retail sales, due out today. The Kiwi was the second-best performer, aided by the broader market sentiment as well as by the decent Chinese data released overnight.
USD Rebounds on Decent Data, GBP Awaits Retail Sales
The dollar traded slightly higher against all but two of the other G10 currencies on Thursday and during the Asian morning Friday. It gained the most against NOK, SEK and JPY in that order, while it underperformed only against GBP and NZD.
The greenback may have got aided by some decent US data we got yesterday. Retail sales for December rose 0.3% as expected, but the core rate jumped to +0.7% mom from +0.1%, while the...
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