XE Market Analysis: Dollar Dips Ahead of Expected Rate Hike

OVERVIEW UK unemployment rate remained at an 11-year low of 4.8% in October, though employment fell for the first time in over a year. US retail sales rose just 0.1% in November against expectations of a 0.3% growth after October’s increase was revised down to 0.6%. Eurozone industrial output dipped in October for the second consecutive month against expectations of a small rise. HIGHLIGHT The Federal Reserve is widely expected to raise rates by 0.25%, to 0.75% later today as the economy shows signs of a pickup in growth and inflation starts to build. The Fed has been incredibly cautious…

Source: XE news feed
XE Market Analysis: Dollar Dips Ahead of Expected Rate Hike