Economists at Commerzbank analyze USD outlook ahead of the release of the US September retail sales and industrial production data.
Business USD to enhance if the signs of a comfortable landing turn out to be stronger
As far as the data calendar is involved, retail sales and industrial production data are due to be published in the US, which ought to calm at least attract some attention on the market. If the signs of a comfortable landing turn out to be stronger, this would also be certain for the USD, because it may perhaps mean that the Fed would probably now not slash its key interest rate any time rapidly.
Of course, the data may perhaps disappoint today. But this would hardly be ample to dissuade economic optimists. This would subsequently hardly weigh on the USD.
And as long as there is no easing of the Heart East battle, the USD is likely to remain in demand anyway.
Learn about – US Retail Sales Preview: Forecasts from six major banks, tepid gains after surging since spring
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