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US DOLLAR CONSOLIDATES LOSSES AS INVESTORS DIGEST KEY ECONOMIC FIGURES

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  • USD steadies amid strong economic data releases.
  • Retail Sales from July came in strong as well as weekly Jobless Claims.
  • Markets continue confident outlook about a September cut by the Fed.

The US Dollar (USD), measured by the US Dollar Index (DXY), consolidated and rose toward the 102.90 level during Thursday's trading session. This was influenced by strong data reported by the US, but steady dovish bets continue to limit the USD upside.

The US economy is persisting above the trend, suggesting that the market may once again be leaning too heavily into firm easing.


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