Dollar Gets a Blow after Good Start
After a weird 100 pips gap at today’s Forex trading opening on EUR/USD pair, the U.S. dollar went sharply down. It’s now forcing to stay at as little as 50 pips below the absolute maximum as the Forex traders fail to conclude a definite opinion on how to react on the fundamental statistics that came out today in U.S.
Advance retail sales in March rose 0.2% compared to 0.1% forecast and 0.6% fall in February.
Business inventories in February were down 1.1% compared to January’s value. The inventories were expected to grow by 0.4% and they showed 0.8% growth in January.
Tags: business inventories, fundamental analysis, retail sales
