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Currencies Choke Up Gains After Retail Sales and PPI

posted by Avatar fx360 1047 days ago in USD, EUR, Technical made popular 1047 days ago

At first glance, the retail sales and producer price reports were much better than expected. However, a closer look at both reports indicates that the improvements in consumer spending and inflation was not driven by a material increase in real activity. weakness beneath the headlines caused the dollar to erase its initial gains against the Yen
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