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The Weekly Wrap – Talk of Lockdowns and Economic Data Delivered Dollar Support

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The Stats

It was a busier week on the economic calendar, in the week ending 19th November.

A total of 60 stats were monitored, which was up from 39 stats in the week prior.

Of the 60 stats, 36 came in ahead forecasts, with 16 economic indicators coming up short of forecasts. There were 8 stats that were in line with forecasts in the week.

Looking at the numbers, 38 of the stats reflected an upward trend from previous figures. Of the remaining 22 stats, 17 reflected a deterioration from previous.

For the Greenback, it was a 4th consecutive week in the green. Market reaction to economic data and lockdown chatter in Europe delivered the upside in the week. In the week ending 19th November, the Dollar Spot Index rose by 0.95% to 96.031. In the previous week, the Dollar had risen by 0.85% to 95.122.

Out of the U.S

Through the 1st half of the week, retail sales figures impressed, in spite of the marked pickup in inflationary pressure.

In October, core retail sales…

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