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European Market Update: Participants Await US Retail Sales And Fed Chair Comments For Direction

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Oct 14, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The USD was firmer in the sessions on continued expectations of the Fed hiking rates later this year. Dealers will look to the release of US retail sales data later today for shorter-term FX direction. EUR/USDtrading at 1.1020 area while USD/JPY held above the 104 handle in the session.[​IMG]

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