The Dollar weakened versus most majors as U.S economic data indicates a slower growth in the second half of this year. Trade balance data came out negative with -42.3B vs. -39.5B expected, showing more is spent on imports, lowering gross domestic products eventually. This lowered USD’s appeal as a safe haven for investors. NASDAQ and Dow Jones rose by 1.99% and 1.44% respectively, crude oil rose by 2.93% to a weekly high, closing at 77.19$ a barrel, Gold (XAU) rose by 1.3% closing at 1212.05$ an ounce. Today, Core Retail Sales are expected at -0.1% vs. -1.1% previous; Retail Sales expected at -0.2% vs. -1.2% previous. Also, FOMC meeting minutes will be published today giving insights on the FOMC’s stance on future interest rate. Crude Oil Inventories are also due to be published.
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