Beware The Rebound In Retail Stocks
The Retail Sector (NYSEARCA: XRT) is rebounding but we don’t think investors should cheer too loudly. The move is driven by the combination of oversold markets and mixed results and...
International Business Times
Dollar Hovers Near Two-decade High Before Inflation Gauge
The dollar hovered near a two-decade high against major peers on Wednesday, ahead of a key reading on inflation that should provide clues on how aggressive the Federal Reserve will be in tightening monetary policy. The dollar index, which measures the currency versus six rivals, was around flat at 103.92,...
Dollar clings to 20-year high ahead of U.S. inflation data
LONDON (Reuters) – The dollar held close to a two-decade high on Wednesday as investors waited for fresh U.S. inflation data to anticipate how aggressively the Federal Reserve will have to tighten monetary policy to keep rising prices in check. The dollar index, which measures the greenback’s strength against...
