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Dollar extended losses on disappointing U.S. sales data

Published 15/10/2015, 09:18
DXY
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The US Dollar remains trading near 7 weeks lows against a basket of major currencies, after the release of disappointing U.S retail sales data and producer prices index. In fact, the data has increased expectations that the U.S Federal Reserve will delay hiking its interest rats by the end of 2015. The Euro remained steady around $1.1433 after hitting $1.1491 on yesterday session. While the dollar fell against the Japanese Yen hitting its lowest level since Sep 7th. On the other hand, the investors will monitor the release of important data from the U.S economy concerning the Core CPI and Philadelphia Fed manufacturing index due today later.

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