This is what's weighing on the dollar - ANZ
|Analysts at ANZ noted the recent US data weighing on the greenback.
Key Quotes:
"The US annual CPI inflation fell to 1.6% in June, missing expectations (mkt: 1.7%; last: 1.9%)."
"Core prices rose 0.1% m/m, with annual growth stable at 1.7%.
Retail sales also missed estimates, falling 0.2% m/m, with core sales dropping 0.1%.
Making it a three-peat of disappointments, provisional Michigan consumer confidence fell to 93.1 from 95.1 in July, led by future expectations."
"The only bright-spot was a better- than-expected lift in industrial production in June (0.4% m/m)."
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