Dollar Bounces as US Economy Sends Mixed Signals; Sterling Slips

[Epoch-Times-Bot]

Dollar Bounces as US Economy Sends Mixed Signals; Sterling Slips

LONDON/SINGAPORE—The dollar rose on Thursday as investors digested mixed U.S. economic data, while the British pound changed direction and slipped ahead of the government’s budget update.
The greenback has tumbled in recent weeks as inflation data and comments from Federal Reserve officials have suggested that the central bank can soon slow the pace of its punishing interest rate hikes.
Yet the dollar rose on Thursday after U.S. retail sales data for October, released on Wednesday, came in stronger than expected.
The euro was down 0.33 percent against the dollar at $1.036 at 1045 GMT, after hitting its highest level since July at $1.048 on Tuesday....

Source: Dollar Bounces as US Economy Sends Mixed Signals; Sterling Slips

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