Greenback stays resilient as markets await latest US data   


15 April 2019 : The United States is also slated to announce its March industrial production and retail sales data this week, along with the latest Markit Purchasing Managers Index (PMI). Markets are expecting the US economy to showcase its resilience, especially for retail sales, which are hoping to rebound following February’s slump.


However, any data announcement that undershoots market expectations will be seen as a threat that will weigh negatively on the Dollar Index.

Given the Federal Reserve’s already dovish tone, further hints of a steeper slowdown in the US economy could hasten speculation of a Fed rate cut and may give Dollar bears reason to break the Greenback’s recent resilience around the 97 mark.


Source : Lukman Otunuga, FXTM Research Analyst


Reporting for EasyKobo on Monday , 15 April 2019 in Lagos, Nigeria


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