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U.S. Retail Slump Sparks Global Currency Shift | Boise News
U.S. retail sales just took a nosedive—first drop in nine months—and that’s sending shockwaves through markets, with big names like Walmart and Home Depot under the microscope. The dollar’s slipping as global rates shift: Europe and Japan are set to hike, making investors wonder if the Fed will pause. Meanwhile, Aussie and NZ dollars soar to two-month highs, while the pound and euro hit multi-month peaks. Tech giants like Alphabet are expanding beyond U.S. shores, raising Aussie-dollar bonds to fuel AI spending. Up next: China’s monthly data, Canada’s inflation, European confidence, and the…
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