May 14th, European session
t the auctions in Europe, the US dollar is losing ground in all directions. The euro yielded first place to the New Zealand dollar (+ 0.63%). European indices have continued to rise since the opening. Futures on US indices are also trading in positive territory and look optimistic.
The EUR/USD pair rose to 1.2136, GBP/USD - to 1.4096. The weakening of the dollar stopped after the release of American statistics. According to the report of the US Department of Commerce, the volume of retail sales in the US in April was unchanged from the previous month (the forecast was + 1%). Compared to April 2020, the indicator increased by 51.2%.
The euro rate has recovered to 67 degrees. The yield on 10-year US government bonds is declining, which is a key factor for the continued growth to 1.2155.
Posted Using LeoFinance Beta
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