By William L. Watts and Sarah Turner, MarketWatch
FRANKFURT (MarketWatch) -- The dollar remained slightly lower versus major rivals Wednesday after the U.S. Commerce Department said retail sales were flat in August, while investors continued to keep a nervous eye on Europe’s sovereign-debt woes.
By William L. Watts and Sarah Turner, MarketWatch
FRANKFURT (MarketWatch) -- The dollar remained slightly lower versus major rivals Wednesday after the U.S. Commerce Department said retail sales were flat in August, while investors continued to keep a nervous eye on Europe’s sovereign-debt woes.
“The underlying mood still feels like a market wondering where the next banana skin for the euro is likely to lie. The idea that the mood on the euro is suddenly about to improve feels rather distant,” Credit Agricole said.
The British pound GBPUSD +0.10% traded at $1.5802, little changed from $1.5799 on Tuesday.
On the U.S. data front, August retail-sales data are due out later in the global trading day. Economists surveyed by MarketWatch are expecting sales to rise 0.3%, from a 0.5% gain the month before. See U.S. economic calendar.
The dollar USDJPY -0.33% bought 76.70 Japanese yen, compared with ¥76.88 in late trading Tuesday.
