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Retail Sales drop more than expected, Fed's tightening agenda under risk

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yesterday the focus was mainly on the US Dollar in light of the Retail Sales report from the US as everyone knew that the currency could come under renewed if the consumer report printed in a bearish manner. Indeed the Retail Sales in the US not only retreated for the past month but the revised levels for the previous one came even lower. It goes without saying of course that traders’ reaction was to dump the Dollar against all its peers as it now seems that a 2015 rate hike becomes more and

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