U.S. Dollar Index

USD Overview (17 January 2022)

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Last Friday, USD strengthened against all major currencies.

The retail sales m/m data released last Friday indicated a decline in consumer spending during December.
  • Core Retail Sale m/m (Actual: -2.3%, Forecast: 0.2%, Previous: 0.3%)
  • Retail Sale m/m (Actual: -1.9%, Forecast: 0.0%, Previous: 0.3%)


Also, the Preliminary UoM Consumer Sentiment data (Actual: 68.8, Forecast: 70.0, Previous: 70.6 revised from 70.4) released indicated a slight decline in consumer’s level of confidence on the economy in January.

U.S. banks will be closed in observance of Martin Luther King Day. Expect lower trading volume and volatility during the usual U.S. market hours.

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