Table of Contents
Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

U.S. Dollar and Japanese Yen see Gains on U.S. Retail Sales Slump

By: Barbara
As reported at 5:08 p.m. (JST) in Tokyo, the U.S. Dollar and Japanese Yen both managed to hold on to their recent gains following the release of retail sales reports coming out of the United States, which caused the resurfacing of concerns about the health of the U.S. economy. Investors promptly moved out of riskier assets on that news. The data indicated that retail sales declined .4% in April, a worse than expected drop, and the second decline in a row. According to one economist, consumers continue to be worried about the economy and are holding on to their money; he doesn’t see any recovery until late (U.S.) summer or early fall, when the back-to-school crowd should return to the stores en masse.

The U.S. Dollar Index, a measure of the U.S. currency versus six major currencies, gained .1% to trade at 82.659 .DXY. The Euro fell .2% to trade at $1.3573 versus the U.S. Dollar; earlier this week it had briefly hit $1.3722, a 7-week high. Versus the Japanese Yen, the Euro, at one point, fell to 128.87 Yen, the lowest price in nearly 2 weeks before rebounding to 129.69 Yen.

Most Visited Forex Broker Reviews