The U.S. dollar advanced against major currencies on Tuesday, extending gains from previous session, after strong retail sales data dimmed chances of a deep cut in interest rates later this month.
According to data released by the Commerce Department this morning, retail sales were up 0.4% in June, matching the downwardly revised increase in May. Economists had expected retail sales to inch up by 0.1% compared to the 0.5% growth originally reported for the previous month.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.