US Dollar Unmoved with Traders Consolidating The Greenback at Current Levels
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is consolidating further this Thursday around 109.00 on Thursday after US Retail Sales and weekly Jobless Claims got released.
The data distorted a clear sense of direction for the DXY with upside revisions in Retail Sales while the actual number was below expectations. The Los Angeles wild fires meanwhile is pushing the Jobless Claims higher.
Next up as final data point for this Thursday is the National Association of Home Builders (NAHB) Housing Market Index for January. Nothing market moving expected there. Though the elevated rate regime could impact sentiment in the housing market in a negative way.
Source : Fxstreet