Dollar sold after weak Retail Sales and UoM but yields rise – Newsquawk US Market Wrap

Key Topics in this News Article:
News Snapshot:

SNAPSHOT: Equities lower, Treasuries down, Crude up, Dollar down, Gold up REAR VIEW: US Retail Sales unexpectedly decline; UoM Consumer Sentiment falls more than expected; Bessent said US will implement unprecedented measures on Iran; BoJ said set to be considering accelerating subsequent hikes; UKMTO says a tanker was struck by a drone while transiting outbound through the Strait of Hormuz; AMAT earnings fail to impress. COMING UP: Data: Japanese GDP Prelim (Q2), Chinese Activity Data (Jul), Canadian Inflation (Jul). Speakers: ECB’s Lane. WEEK IN FOCUS: FOMC Minutes, Global Flash PMIs, UK Jobs, Inflation from Japan, Canada and UK. Click here…

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