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US dollar firms, USD/JPY gains as retail sales match estimates
The dollar stayed supported after US retail sales came in line with expectations, while gold sold off further as the US dollar remained bid.
In an FX wrap, Forexlive said the US dollar was generally bid and that USD/JPY made further headway after a brief pause following this week’s CPI.
The outlet also pointed to a retail sales report that was essentially in line with estimates, with slight upward revisions to the prior period, adding a measure of support for the consumer outlook.
Forexlive noted that Fed-related commentary kept a hawkish tone, though the focus was mostly on hawks, limiting broader signals from the remarks.
On commodities and risk factors, Forexlive reported gold was beaten down, with selling accelerating after a break of $4,000, alongside vague reports of attacks on Iran’s infrastructure including a bridge in Bandar Khamir.
Latest closeGold $4,067.10 ▲0.1%|USD/JPY 162.11 ▼0.2%