🔐 The end of the week is here and the US Dollar is finishing strong 👀💵
📈 The US Dollar climbed above the 99.30 region on Friday, reaching fresh multi-week highs after stronger-than-expected US economic data boosted expectations that the Federal Reserve could keep interest rates higher for longer.
📊 April Retail Sales increased by 0.5%, showing that consumer spending remains resilient despite elevated borrowing costs.
🔥 At the same time, hotter CPI and PPI inflation reports continued increasing concerns about persistent inflation, giving additional support to the Greenback and Treasury yields.
Markets are now closely watching how these developments could impact Gold, crypto, and overall risk sentiment moving into next week.
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