This is what's weighing on the dollar - ANZ

Ross J Burland FXStreet

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)."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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