Will the Fed Chair changes his views during the speech today?
The USD may rise on the important updates
The levels of retail sales and core retail sales for the US will be released on February 14 at 15:30 MT time.
Retail sales represent the total value of sales at the retail level. This indicator is also a good measure of consumer spending, which shows the overall economic activity of the country. As for the core level, it does not include automobile sales. If this time the releases are higher than the predictions, the USD will be supported.
• If the indicators are higher than expected, the USD will rise;
• If the indicators are lower than expected, the USD will fall.
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