US Dollar Rollout Roller Coaster Market Is Bad, Retail Dollar Is Bad.

On Friday, the US dollar index rebounded strongly to the top of the 99 pass, refreshing its daily high by 99.21, pushing the US dollar as a whole as a result of the increase in interest rate expectations, the US October.

Sales month rate increased by 0.1%, the US PPI rate in October fell by 0.4%, not as good as expected, and the US dollar staged roller coaster prices on the short term.

US retail sales month rate released in October and us October October

The monthly rate is not as good as expected, but it is still hard to shake the strength of the US dollar. The US index quickly rebounded strongly after a brief drop of 30 points, refreshing its daily high of 99.21, and the rise in the non US currency was short-lived, and the euro dropped sharply after reaching 40 points against the US dollar.

Data show that the US retail sales month rate increased 0.1% in October, with an expected growth of 0.3%, a 0.1% increase in the previous value, a 0.2% increase in the core retail sales month in October, an expected increase of 0.4%, and a correction of a 0.4% decrease in the previous value.

In addition, the US PPI rate fell by 0.4% in October, with an expected increase of 0.2%, a 0.5% decline in the previous value, and a decrease of 1.6% in October and a decrease of 1.2% in PPI in October.

According to the Chicago mercantile exchange data, the federal funds of the United States

Futures prices suggest traders expect the Federal Reserve to raise interest rates by 66% in December this year, 70% yesterday, and 38% before the FOMC statement.

Next week, the US inflation figures for October and the minutes of the October meeting will be released, and inflation data is more worthy of investors' attention. Inflation is a major obstacle for the fed to raise interest rates.

At present, the possibility of raising interest rates is very high in December, but policymakers need other data to confirm this view.

At the close, the US dollar index rose 0.4%, to 98.95; the euro fell 0.53% against the dollar, 1.0749, the pound rose 0.03% against the US dollar, and 1.5229; the US dollar rose 0.03% against the Japanese yen, and reported 122.67; the Australian dollar rose 0.02% against the dollar, and 0.7124; in addition, the US dollar rose against Russian rouble 2%, to 66.65.

The Wall Street journal published a comment after the data release, pointing out that the retail sales data were not as good as expected, mainly due to the sharp decline in sales of automobiles and gasoline. The American people are still cautious about consumption, which is bad news for the Fed who wants to see inflation rising.

Reuters pointed out that after the data release, the US PPI month rate in October was significantly lower than expected, the 2 consecutive month of decline, mainly due to the decline in the cost of service costs; the strong US dollar price and the weak growth in global demand aggravated the pressure of rising prices. The poor performance of the data or pressure on the United States to raise interest rates next month can not prevent its interest rate hike.