Dollar Index on 1D Chart (Aug, 18th)
"The US dollar index extended its upward momentum to, close to levels not seen since the end of March benefiting from a safe-haven bid on fears that a surge in infections of the Delta variant could derail the global recovery and a batch of mixed economic data.
Retail sales in the US declined more than forecast in July, with the core index also posting an unexpected drop while industrial production rose for a fifth consecutive month.
Also, US homebuilder confidence sank to over a one-year low as home prices surge.
Meanwhile, investors await more clarity from the Fed on the tapering timeline with FOMC minutes due on Wednesday."
Retail sales in the US declined more than forecast in July, with the core index also posting an unexpected drop while industrial production rose for a fifth consecutive month.
Also, US homebuilder confidence sank to over a one-year low as home prices surge.
Meanwhile, investors await more clarity from the Fed on the tapering timeline with FOMC minutes due on Wednesday."
SOURENA ALIZADEH
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