Investing.com – The dollar sank Friday after U.S. and data for June disappointed.
The was off 0.42% at 95.16 at 9:15 ET after trading at 95.41 prior to the release of the official data.
The core was up 0.1% when it was forecast to be up 0.2%.
The core was up an annual 1.7% compared with a forecast of 1.7%.
The headline in June was flat when it was forecast to rise 0.1%.
The annual rate was 1.6%, compared with a forecast of 1.7%.
In her testimony to Congress Fed Chair Janet reiterated the message of gradual tightening.
But she conditioned the pace of tightening to developments on the inflation front.
The Fed’s target rate for inflation is 2%
Core retail sales fell 0.2% from May when they were forecast to rise by 0.2%.
Headline sales were down 0.2% against a forecast increase of 0.1%.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Latest posts by investing.com (see all)
- Forex – Yen Quoted Higher In Early Asia Ahead Of Trade Data - November 19, 2017
- Forex – Weekly Outlook: November 20 – 24 - November 19, 2017
- CFTC: Crude Oil Net Longs at All-Time High; Japanese Yen Net Shorts at 4-Year High - November 18, 2017