Mar
11
EUR/USD: Trading the U.S. Advanced Retail Sales Report
The U.S. dollar is likely to face increased volatility over the next 24 hours of trading as economists forecast retail spending in the world’s largest economy to contract 0.2% in February, and the ongoing weakness in the private sector could lead the Federal Reserve to maintain a dovish policy stance over the coming months as the central bank aims to encourage a sustainable recovery.
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Category: Forex News Author: David Song, Currency Analyst and Michael Wright, DailyFX Research
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