The dollar rose in expectation of positive Retail Sales today.
The dollar rose against the euro after speculations that the release of today’s important data for U.S. retail sales will be positive. The data release is expecting for 8:30 AM today. The consensus forecast is 0.5% from the prior –0.2%. Eventually stronger data will allow to the Federal Reserve to rise the interest rates further this year. The high inflation caused by the high-energy prices push the inflation. If the economy sends positive signals for recovery the Fed will start to raise the interest rates. It is too early to talk for change of the interest rates said George Marshal forex analyzer in World-Signals.com. The U.S. economy is in recession and my personal forecast is that is necessary the Fed to hold the interest rates at 2.00% whole this year or even to cut the interest rates with another quarter percent said George Marshal.