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14 Apr 2015
Greenback thrown out on the IMF - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained the events surrounding the greenback in this afternoon's US shift.
"The dollar ended the day lower across the board, weighed by weaker-than-expected US Retail Sales, that grew 0.9% in March, against expectations of 1.1% rise, while core readings for January and February were revised lower."
"The US data continues to disappoint, which puts the expected return of the country to its 2% inflation target, further away."
"The dollar fell further after the IMF warned that global growth remains moderate and downgraded its forecast for US growth. The EUR/USD pair surged up to 1.0706, albeit renewed worries over Greece kept the common currency subdue."
"Earlier in the day, some IMF officials voiced doubts about the viability of Greece's membership of the euro zone, as negotiations with the troubled country are "not working," increasing the risk of a default by the end of April."
"Next Wednesday, the ECB will have its monthly economic meeting, and although is expected to be a non-event, market can be extremely cautious ahead of it."
"The dollar ended the day lower across the board, weighed by weaker-than-expected US Retail Sales, that grew 0.9% in March, against expectations of 1.1% rise, while core readings for January and February were revised lower."
"The US data continues to disappoint, which puts the expected return of the country to its 2% inflation target, further away."
"The dollar fell further after the IMF warned that global growth remains moderate and downgraded its forecast for US growth. The EUR/USD pair surged up to 1.0706, albeit renewed worries over Greece kept the common currency subdue."
"Earlier in the day, some IMF officials voiced doubts about the viability of Greece's membership of the euro zone, as negotiations with the troubled country are "not working," increasing the risk of a default by the end of April."
"Next Wednesday, the ECB will have its monthly economic meeting, and although is expected to be a non-event, market can be extremely cautious ahead of it."