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Gate.io: U.S. retail sales data may boost the dollar.

GoldenOctober2024

2024-06-18 07:23:38

On June 18th, Jin10 data reported that Francesco Pesole, a foreign exchange analyst at ING, said in a report that the US dollar may benefit from tonight's retail sales data release, with market expectations being 'relatively optimistic', while the euro continues to lag behind ahead of the early French elections. Pesole said that the focus of the US dollar's trend is still on the economy and the prospect of US interest rates, while the trend of the euro is driven by political factors. 'The confrontation between macro (US) and political (EU) will continue to be a key theme in the summer forex market.' ING expects the US dollar index DXY to stay above 105 this week unless retail sales data is weak.

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