The “carry trades” suffer heavy losses; Dollar and Yen rise following worse than expected US Retail Sales figures

[RTFX-Trading]

The “carry trades” suffer heavy losses; Dollar and Yen rise following worse than expected US Retail Sales figures

US retail sales came in at -0.40% for April, and sales excluding autos were down to -0.50%. The high risk currencies including the Australian Dollar, New Zealand Dollar and British Pound suffered losses, while the Yen gain from the negative US figures. The dollar which is considered a safe haven currency, gained considerable ground 15 minutes after the figures were announced.



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