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USD Continues to Rise on Strong Retail Data and Easing Tensions with North Korea

Published August 15, 2017
  • U.S. retail sales grew more quickly than expected, which is a positive indication of economic activity south of the border
  • North Korea stated today that is has delayed a decision to launch missiles towards Guam, which further eased fears of a U.S.-North Korea nuclear standoff
  • Oil moved lower this morning, with ongoing concerns regarding global supply continuing to weigh on prices
  • Pound Sterling is down this morning after inflation came in flat, which was below expectations, and raised concerns over the timing of future rate increases in the UK