January 26, 2022
Economy

Dollar stays under pressure ahead of key US data

Here is what you need to know on Friday, January 14:

The US Dollar Index closed the third straight day in the negative territory on Thursday and extended its slide to a fresh two month low near 94.60 early Friday. The slight decline witnessed in the annual Producer Price Index (PPI) on Thursday made it difficult for the dollar to find demand and the benchmark 10-year US Treasury bond yield fell nearly 2%, putting additional weight on the currency. December Retail Sales, Industrial Production data and the University of Michigan’s advance Consumer Sentiment Index for January will be featured in the US economic docket

US December Retail Sales Preview: Can dollar capitalize on upbeat data?

While testifying before the US Senate for her confirmation hearing, Fed Governor Lael Brainard noted that they will be in a position to start lifting rates as soon as the…

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