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Dollar bounces higher in early US session, buoyed by stronger-than-expected retail sales data. This resilience in consumer spending comes despite the persistent high inflation and elevated interest rates. The robust retail sales figures lend support to Fed’s soft landing scenario, where the economy slows down without falling into a recession. However, there are concerns that […]

The post Dollar Gains After Retail Sales Boost; Gold Nears New Record appeared first on Action Forex.

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Aussie Leads Decline in Commodity Currencies; Risk Aversion Dominates Following China’s Rate Cut
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Aussie Leads Decline in Commodity Currencies; Risk Aversion Dominates Following China’s Rate Cut

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