The dollar was nursing losses on Wednesday after soft U.S. retail sales data reinforced bets of imminent Federal Reserve rate cuts, while sterling eased a...
SINGAPORE - The dollar was nursing losses on Wednesday after soft U.S. retail sales data reinforced bets of imminent Federal Reserve rate cuts, while sterling eased a touch ahead of a reading on UK inflation due later in the day.
"We thought that the U.S. retail sales would be weak, and it was," said Joseph Capurso, head of international and sustainable economics at Commonwealth Bank of Australia . Sterling fell 0.03% to $1.2705 ahead of UK inflation data due later on Wednesday, which comes before a policy decision by the Bank of England on Thursday, where rates are expected to remain on hold.
The Aussie was last 0.08% higher at $0.6661, extending its 0.66% gain from the previous session. The New Zealand dollar meanwhile fell 0.08% to $0.6140. BOJ Governor Kazuo Ueda said on Tuesday the central bank could raise interest rates next month depending on economic data available at the time. TD may still be discounted, but there other great options to buy right now. Here's a top pick better than TD Bank stock right now. The post 1 Dividend Superstar I’D buy over TD Bank Stock appeared first on The Motley Fool Canada.
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