EUR/USD Rebounds as Weak US Retail Sales Fuel Rate Cut Expectations
The EUR/USD pair jumped to nearly 1.0740 in Tuesday’s New York session, buoyed by softer-than-expected US Retail Sales data for May. The figures, a key gauge of consumer spending, grew at a slower pace than anticipated, raising hopes that the Federal Reserve (Fed) might cut interest rates sooner than previously thought. Softer US Data, Stronger […]