US dollar rising again
01:00, July 18 2013
· By Sales Trading
The US dollar is once again the best performer today as earnings continue to improve, while weekly jobless claims dropped to a two month low at 334k. US 10 year treasury prices have started to slip lower again.
The Japanese yen is amongst the worst performers today after the Nikkei pushed to a one month high after retail data showed that Mrs Watanabe is starting to spend money again. Year on year department store sales for June rose 7.2%, up from 2.6%.
The Australian dollar is also under pressure after NAB Business confidence slipped to -1 in the second quarter.
The pound has held up quite well after June retail sales rose 0.2% in line with expectations while the year on year number rose 2.1%, much better than the 1.7% rise expected by analysts.