European Session – Dollar rallies after batch of solid US data, euro dips below $1.13
Posted on May 13, 2016 at 2:44 pm GMTThe US dollar was broadly stronger today, gaining most against the euro and the pound during the European session and accelerating its rally after solid US data. The US calendar had a slew of economic data out today, which included retail sales, PPI and the University of Michigan consumer sentiment report. US retail sales posted the largest gain since March 2015, as purchases rose 1.3% month-on-month in April. This figure beat the 0.8% increase that was expected and comes after [..]