US Dollar Slips on Disappointing Retail Sales, Jobless Claims Remain Strong
- US Dollar Index (DXY) declined on Thursday due to weak Retail Sales and economic data
- Retail Sales fell more than expected in January, declining 0.8% MoM
- Initial Jobless Claims came in strong at 212K for the week ending Feb 9
- Despite weak data, markets still see Fed delaying rate cuts, limiting USD losses
- Technical analysis shows selling momentum short-term but uptrend still intact