US dollar soars as economic data paints a healthy picture ...Middle East

Five economic data reports were released at the same time on Thursday and the picture convincingly showed a healthy consumer and jobs market, with only modest weakening in manufacturing.The main release was the July US retail sales report and it was up 1.0% compared to +0.3% expected. There was a modest 0.2 pp revision to the prior number but when you strip away the volatile autos, gasoline and home building numbers (the control group) it was up 0.3% compared to 0.1% expected.The numbers were underscored by Walmart executives today who increased guidance and said "so far we are not experiencing a weaker consumer overall around the world," including in early August.The second report the marke

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