The dollar recovered slightly yesterday after several data releases painted a positive picture of the US economy. Retail sales increased 0.3% last month. Data for November was also revised upward to show retail sales gaining 0.3% instead of rising 0.2%, as previously reported.
Data also showed that the number of Americans applying for unemployment benefits fell more than expected last week.
Today, we’ll see more data for the US, including Industrial and Manufacturing Production figures. Both are expected to fall by 0.2% month-on-month.
Yesterday, US senators were sworn in for the impeachment trial, which is due to begin on the 21st of January.
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