U.S. retail sales unexpectedly stalled in April as the boost from stimulus checks faded, but an acceleration is likely in the coming months amid record savings and a reopening economy.
If you are somewhat knowledgeable about the financial market you know how important it is to keep track of the U.S. economy since all other pairs are pegged solely on the decision made by FED.
High unemployment.Rising prices.Inflation is rising at a rapid rate.
Even though it’s way above the percentage that they plan for stable growth the FED hasn’t made any decision to increase the interest rate.They are saying it’ll be done over time.This leads to increase in gold prices,Us stocks,other currencies price while decrease the usd.
For a long time DXY(Dollar Index) has been in a downtrend.
Specially with all the quantitative easing going on in US to support the economy this has hampered the value of US dollar.But you have to keep in mind the FED can change interest rate any time soon so when it does that expect the market to do a U turn and i’m making this information so that you guys know what’s up in the future and stay safe from investments.