Dollar weakens as July retail sales fall 0.6% and U Mich sentiment drops
Bloomberg segment analyzes recent US data showing a softer economy and pressure on the dollar. Hosts discuss weak July retail sales, mixed University of Michigan readings, strong corporate earnings, and reduced Fed hike expectations. They note the dollar at multi-week lows, emerging market currency gains, yen stability near 159, rising Treasury yields, and heavy government and corporate bond supply including data center financing. Outlook covers this week's 20-year bond auction and FOMC July minutes release.
Source: Bloomberg Television