The US Dollar (USD) strengthened against its major counterparts on Thursday, January 15, buoyed by strong retail sales data for November. The positive economic indicators led to increased buying of the USD, particularly against the Euro (EUR) and British Pound (GBP). The EUR/USD pair saw a noticeable decline, trading around 1.0850, while GBP/USD struggled to maintain footing near 1.3200.
Traders are now eyeing upcoming US economic data and comments from Federal Reserve officials for further direction. As market participants anticipate insights on monetary policy, the USD’s resilience may continue, particularly if economic fundamentals remain strong. The exchange rate dynamics reflect a cautious sentiment as the market navigates the intersection of solid economic performance and potential policy shifts.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 07:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.