U.S. Retail Slump Sparks Global Currency Shift | Boise News

U.S. retail sales just took a nosedive—first drop in nine months—and that’s sending shockwaves through markets, with big names like Walmart and Home Depot under the microscope. The dollar’s slipping as global rates shift: Europe and Japan are set to hike, making investors wonder if the Fed will pause. Meanwhile, Aussie and NZ dollars soar to two-month highs, while the pound and euro hit multi-month peaks. Tech giants like Alphabet are expanding beyond U.S. shores, raising Aussie-dollar bonds to fuel AI spending. Up next: China’s monthly data, Canada’s inflation, European confidence, and the Fed’s latest meeting minutes—all eyes on the road ahead. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0a8d175099b64fd8