The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.50 in the Asian trading hours on Monday. The DXY loses momentum as data showed US Retail Sales unexpectedly declined in July.
Retail Sales in the United States (US) fell 0.6% last month after an unrevised 0.2% gain in June, the US Census Bureau showed on Friday. Market consensus was for a rise of 0.1%. On an annual basis, Retail Sales arrived at 5.0% in July, versus a rise of 6.8% (revised from 6.7%).
The downbeat US Retail Sales, along with softer-than-expected Consumer Price Index (CPI) and…
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