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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