Euro/Dollar: Left the Range on Weekly – New Target: 1.1620

On Wednesday the USD was down against the key pairs after weak retail sales data and manufacturing inflation figures for the US came out. The data was worse than expected. Previous retail sales figures were reassessed downwards. The key index for industrial prices fell to a minimum since January and the PPI was negative. The data has signalled a slowing of US economic growth and has lessened the likelihood of an interest rate hike in the near future.

Source:: Euro/Dollar: Left the Range on Weekly – New Target: 1.1620

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