Soft Retail Sales and Core PPI Weigh on Dollar as Market Inclined for Taper-Lite

The softer than expected core PPI and retail sales data have sent the US dollar to new session lows. It is not that the data has changed participants’ minds about next week’s FOMC meeting, where the latest surveys show 2/3 expect the Fed to announce tapering. Instead it reinforces suspicions of a…

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Soft Retail Sales and Core PPI Weigh on Dollar as Market Inclined for Taper-Lite

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