Weak Retail Data Causes Dollar To Dip- 16 October, 2019

Weak U.S. retail data painted a gloomy outlook for the economy and ongoing trade tensions between the worlds two biggest economies, causing the dollar to dip. The pound rose to $1.2828 after hitting a five month low the previous session as the European Union and Britain near their final days to secure a Brexit plan. The Australian dollar edged up by 0.4% to $0.6786 on better than expected job data, lowering pressure by the central bank  to increase interest rates. The dollar was steady against the yen at 108.76, but dipped 0.1% against the euro to $1.1083. The dollar index fell to a one month low of 97.898. The yuan was slightly lower at 7.0975 per dollar, and the New Zealand dollar was just above a four year low at $0.6287.