As per Bpaynews, the US dollar weakened following a softer-than-expected producer price index and a surprise decline in the retail sales control group, signaling cooling demand. The data nudged Treasury yields lower and lifted major FX pairs against the greenback. EUR/USD tested key resistance near 1.1566–1.1567, while GBP/USD extended gains above 1.31329–1.3143. USD/JPY approached 155.94, a critical support level. Treasury yields across the curve edged lower, with the 10-year at 4.015%. US equities showed a mixed tone, with chip stocks diverging as Nvidia and AMD fell, while Broadcom rose. The data has led traders to incrementally price in less inflation persistence and a more dovish market narrative.
USD Dips After Weaker PPI and Retail Sales Data
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