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U.S. dollar down to a weekly low

Weekly synopsis

U.S. dollar declined versus its main counterparts last Friday, thus having approached toward a one-week low, amid the weaker data on consumer spending and inflation.

U.S.'s July retail sales stable

The retail sales for July were considerably stable, thus failing to meet the economists' predictions for an appreciation of 0.4%.

The nation's producer price index in July had a negative reading of 0.4% and could not meet the positive estimations for a gain of 0.1%.

Furthermore, the U.S. dollar index reached the 95.19 zone, thus being 0.25% lower on Friday, and 0.5% weaker for the week.

The USD/JPY pair approached the 100.85 level, making a weekly loss of 0.5%, thus performing a declination for the third straight week.

The EUR/USD traded as high as 1.1221, before reaching the 1.1161 zone, ending the week 0.7% upper.

The GBP/USD pair weakened further, thus having approached the 1.2904 area, being 1.15% for the week.

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Monday, 15 Aug, 2016 / 7:29

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-down-to-a-weekly-low

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