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Market Update

EncoreFX’s daily market updates are written by our experienced and professional dealing team.

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