SUBSCRIBE TO FEEDRetail sales unable to boost greenback in forex trading
The U.S. dollar is down in currency trading on the FX market this morning as forex traders look for higher returns. Even the improved retail sales data could not get forex traders to focus on fundamentals — especially since the Fed has been reluctant to jump on board with optimism regarding economic recovery.
However, there are hopes that things may change today. GFT’s Kathy Lien reports in FX360 on the economy and hopes for a change in the Fed’s stance:
Despite the obvious improvements in the labor market, the financial markets and consumer spending, the Fed is not buying it.
