Important Data Releases: UK Retail Sales and German Ifo Business Survey
Friday, 22 March 2024, 05:00
The Dollar's Resilience
The dollar is rebounding this week, erasing post-Fed declines and sparking technical questions in the market. Equities remain cautious, despite recent record highs, while Treasury yields show a slight retreat.
Central Bank Considerations
The SNB's surprise prompts discussions on possible central bank rate cuts in the near future. However, immediate actions are perceived as unlikely, with the Fed and ECB poised for potential moves in the coming months.
Key Data Releases Ahead
- UK retail sales set to decrease due to soft consumption amidst high prices
- German Ifo business survey expected to reveal ongoing sluggish conditions
Stay tuned for Germany's import prices, UK retail sales, and the CBI trends total orders releases.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.