The US dollar was initially stronger versus the Euro, Swiss franc, British pound and Japanese yen Friday, but its gains gradually faded into the US session. The Euro gave way a little during the European session upon the release of German retail sales data which turned out to be quite horrid at -1.7% m/m and -1% compared to a year ago. Focus was then shifted to the recessionary-like conditions in the US as weak US economic data came in one after another. US consumer spending slowed in April as Read More...

Filed under: Fundamental