US Dollar Index tumbles to 2-week lows near 103.20 ahead of Powell By pabspiovano DollarIndex Currencies Majors Fed
US Retail Sales surprised to the upside in April., which tracks the greenback vs. a bundle of its main competitors, remains on the defensive well below the 104.00 mark on Tuesday.The index keeps the weekly decline well in place, although it manages to bounce off earlier lows in the 103.25/20 band, or 2-week lows.
Positive results from the US docket helped the greenback to trim part of the daily drop after Retail Sales expanded at a monthly 0.9% in April, and 0.6% when it comes to sales excluding the Autos sector. In addition, Industrial Production expanded 1.1% and Capacity Utilization improved to 79.0%. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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