FOREX-Dollar jumps to 6-month high after data, ECB announcement ...Middle East

Devdiscourse - Opinion
source : Devdiscourse ( Middle East ) () 56
The dollar index surged to a six-month high on Thursday, as economic data was mostly stronger than anticipated and the European Central Bank (ECB) signaled it was likely done with its interest rate hike cycle. U.S. retail sales increased 0.6% in August, more than the expected 0.2% rise, boosted by higher gasoline prices while weekly initial jobless claims rose to 220,000 but were below the 225,000 forecast.

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