The US dollar is under pressure of ambiguous statistics

The US dollar is trading under pressure against the basket of currencies because of the mixed inflation and retail sales statistics in the United States. According to the published data:

• The base consumer price index rose by 0.2% in October, exceeding the previous growth of 0.1%. On annualised basis, the growth rate was 1.8%, which is higher than the previous value at 1.4%.
• The base retail sales index rose by 0.1% in October, which is lower than the September growth of 1.2%.
• The volume of retail sales grew by 0.2% in October, which is lower than the previous growth of 1.9%.

Based on this statistics, the US dollar index has again updated the minimum mark of the current month to the level of 93,331.

Fig. The graph of the US dollar index, the current price of DXY – 93.349.

Alexander Sivtsov