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  • US: Retail sales jump in August, not necessarily the start of another surge in spending – Wells Fargo
US: Retail sales jump in August, not necessarily the start of another surge in spending – Wells Fargo
Finance

US: Retail sales jump in August, not necessarily the start of another surge in spending – Wells Fargo

September 16, 20211 min read Best Forex Markets

The US dollar is rising sharply on Thursday, supported by US economic data, including the retail sales report. Analysts at Wells Fargo point out that

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USD/CAD bulls attack 1.2700 on the back of US retail sales
GBP/USD tumbles to one-week lows under 1.3800 as the US dollar strengthens

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