The USD was stable before positive retail data, the yen dropped - News of international financial, securities and currency markets

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The USD was stable before positive retail data, the yen dropped

The dollar was stable in today's session in Asia, while the Japanese Yen fell after the US announced better retail data than expected.

The US Dollar Index, tracking the greenback against other basket currencies, rose 0.1 percent to 98,062 at 12:50 AM ET (04:50 GMT).

Published data showed that US retail sales rose 0.7% in July compared to a month earlier. Previously, the market expected a 0.3% increase.

Although the data is positive, analysts warned that market sentiment is still very fragile, calm on the current market may not last long.

The reversal of the yield curve of the US Treasury Bond has raised concerns about the economic downturn, while uncertainties surrounding the trade war also put pressure on the market when Beijing declares. retaliation for additional US tariffs.

Protests in Hong Kong are also expected to complicate US-China relations. On Thursday, US President Donald Trump said he believed the Chinese leader Xi Jinping would want to solve the Hong Kong problem in a "quick and humane" way. China responded by saying that they did not want to receive outside comments on internal issues.

Dong Yen - a safe-haven channel, fell against the US dollar as investor sentiment recovered somewhat in the hope that central banks, especially the Federal Reserve, would loosen major Monetary books.

USD / JPY rate increased slightly by 0.1% to 106.13.

"Hoping for the best in policy but still mentally preparing the worst for the economy seems to be the trend today," said Stephen Innes, deputy general manager at Valour Markets. .

"The Fed, currently not alone, will need to adjust policies more than expected."

Fed Chairman Jerome Powell may be able to make suggestions about his thoughts when speaking on August 23 at an annual meeting of the Central Bank in Jackson Hole, Wyoming. The theme of his speech was the "Monetary Policy Challenges", according to the Fed's Thursday update program.

AUD / USD rose 0.2% to 0.6789, while NZD / USD exchange rate lost 0.1% to 0.6439.

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