US retail index was released just a couple of hours ago and we already see the effect of the report on the American currency. Why we should care? Well, it is an index that shows the overall activity of the economy as well as the strength of the consumers to support that national currency of the US. And even though everyone expected that the report is going to show good numbers and will be good for the greenback, they were mistaken.
The chart for the day shows dollar getting even weaker as the political turmoil in the country is getting more and more unsettling for the consumers and for the future investing. Although it is possible that the greenback is going to bounce after Donald Trump announcing his version of the US budget today, chances for that are slim.
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