The US Dollar (USD) trades in the green on Thursday after both US Retail Sales for February and Producer Price data got released. Traders are starting to get nervous that June might become an uncertainty for that initial rate cut from the US Federal Reserve.
The US Dollar trades stronger after PPI was a beat on all fronts. Traders see US Jobless Claims declining. The US Dollar Index trades above 103.00, and extends gains while equities roll over The US Dollar (USD) trades in the green on Thursday after both US Retail Sales for February and Producer Price data got released. It was the Producer Price release which had the last say in where the Greenback would go.
With a firm beat in both the Headline and the Core measures, traders are starting to get nervous that June might become an uncertainty for that initial rate cut from the US Federal Reserve. On the economic data front, the dust can start to settle on the disappointment from the PPI numbers. From now on look for the Greenback to rally further once the European session is set to close and the US session takes over completely. Traders meanwhile will be looking ahead for the Industrial Production and University of Michigan numbers on Frida