Dollar Attempts Recovery After Poor Retail Sales, But No Bottoming Confirmed
Dollar is attempting to rebound in early trading sessions, as market sentiment is shaken by disappointing US retail sales data. Furthermore, a top Fed official has cautioned that interest rates could remain high for a more extended period than previously anticipated by the market. Nevertheless, the greenback continues to be one of the week's worst performers, alongside the Japanese yen. On the other end of the spectrum, Swiss Franc remains the top performer, now followed by Canadian Dollar and the Australian Dollar.
Source: actionforex.com
