Critical information ahead of the U.S. market’s open
by Victor Reklaitis
The dollar is in trouble on this Friday the 13th, even with this morning’s better-than-expected report on retail sales.
So says our call of the day, which comes from BK Asset Management’s Kathy Lien.
“A weak number will confirm that the U.S. economy is slowing down and guarantee that the Federal Reserve will leave interest rates unchanged in June,” she wrote in a note before the release.
“A strong number may help the dollar, but any gains will be limited by the fact that one positive report will not be enough for the Fed to hike next month.”