Friday, August 11, 2006

Not Done Yet?

Bloomberg (08.11.06):
"The dollar reached a two-week high against the yen and the euro after a government report showed U.S. retail sales increased last month by more than economists forecast. The statistics helped the dollar by bolstering speculation the Federal Reserve will lift interest rates again." Dollar Strengthens After U.S. Retail Sales Increase in July
"U.S. retail sales rose 1.4 percent in July after a 0.4 percent drop in June. The median forecast in a Bloomberg News survey was for a 0.9 percent gain."


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