Reported about 2 months ago
The US dollar remained near a two-week high against the yen, boosted by robust economic data that alleviated recession fears. Retail sales rose by 1.0%, exceeding forecasts, while unemployment claims were lower than expected. The dollar index slightly eased but followed a significant rally, and analysts suggest a 'soft landing' for the economy, with traders anticipating potential Federal Reserve rate cuts.
Source: YAHOO