Forex – dollar declines after retail sales – The greenback fell on Thursday, and then rose slightly, the sharp drop in retail sales, increasing the chances of maintaining the detention rates of the federal Reserve any longer.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, fell to 96,792 after the data, before rebounding to 97,03 to 10h41 ET (15h41 GMT).

Retail sales in the Us fell 1.2%, compared to forecasts of a gain of 0.1%, announced the Department of Commerce. The figures suggest that the Fed will pause its rate hikes this year, while the closure of the government, the slowdown of the global economy and the business concerns may elicit more concern among the u.s. consumers.

The figures of retail sales disappointing offset the optimism that trade between the United States and China. The american president Donald Trump said that the negotiations proceeded very well, while Bloomberg indicates that he intended to push to 60 days the period of 1 march to higher rates.

The dollar was down against the yen and refuge, with USD / JPY down 0.2% to 110,72. Investors typically look for the yen as a safe-haven in times of economic stress or stress on the exchange.

Elsewhere, the pound was lower, with GBP / USD down 0.48% to 1.2780, while the difficulties of Brexit continue. Jeremy Corbyn, leader of the british labour party, is expected to meet next week, Michel Barnier, the european Union, and Guy Verhofstadt, the coordinator of the european Parliament for the Brexit, in the attempt to break the impasse on the agreement, irish support.

The euro was higher, with EUR / USD up 0.11% at 1.1277.

In Australia, the AUD / USD fell slightly by 0.10% to 0,7081, while NZD / USD jumped from 0.5% to 0,6825. The loonie is falling, with USD / CAD up 0.65% to 1,3339.

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