Investing.com-- Most Asian currencies firmed slightly on Tuesday, while the dollar drifted lower in holiday-thinned trade as markets awaited inflation data from several major economies this week.
Investing.com-- Australia retail sales grew at a slower-than-expected pace in April as consumer spending remained under pressure from sticky inflation and concerns over high for longer interest rates.
The US Dollar continues to see upward momentum overall against the Japanese yen, but on Monday could be thought of as a “pause”, with the day being Memorial Day in America. This doesn’t change the overall trend, but it was worth noting that the liquidity would be thin.
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