The dollar lost today versus most of the 16 main traded currencies as U.S retail sales dropped last month, surprising economists which expected a continuous growth following June’s figures.
Multiple factors brought the greenback down today as main European countries like France and Germany posted a slower contraction in their economies for this year’s second quarter, raising confidence that the economic conditions have stopped deteriorating in the region. Retail sales in the U.S. declined last month according to a report today, adding to the already negative outlook for the dollar.
EUR/USD traded at 1.4287 as of 20:40 GMT from a previous rate of 1.4207 yesterday.
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