Jerome Powell’s apparent volte face on Wednesday led to the US dollar losing heavily in the past couple of days. USD hit a four-month low against EUR and a three-month low against GBP.
On the data front, however, there was good news for the economy with better-than-expected news on retail sales (growing by 0.3% last month and 4.1% more over the year) and jobs, where new unemployment claims were less than predicted.
It’s a relatively quiet afternoon to end the week, although the US also has a PMI reading.
The week before Christmas includes GDP on Thursday and personal and spending on Friday.
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USD/GBP past year
