US Dollar Stumbles After Poor Industrial Outputs
The US dollar faces pressures following a 0.9% decline in retail sales for May and a contraction in industrial output. This data weighed on the DXY, prompting challenges for key currency pairs like GBP/USD and EUR/USD as they test significant resistance levels. As the market digests this information, investors remain cautious about future directions for the dollar. With the recent performance under scrutiny, the focus shifts to upcoming economic data that could influence the dollar’s recovery narrative.