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Dollar on standby for US inflation and retail sales data after poor jobs report
With rate cut expectations running high following Friday’s disappointing NFP report, the focus for the US dollar this week is firmly on the latest inflation and retail sales figures. The inflation data is released first on Wednesday at 12:30 GMT, followed by the retail sales report on Friday, at the same time. As concerns grow about a sharp slowdown in the US economy, investors will be watching this week’s indicators for more clues about the timing of a rate cut by the Federal Reserve. Inflation remains elusive A much-anticipated pick-up in inflation is yet to materialize in a post-financial crisis world, to the ... (full story)