News
        Supported by strong U.S. retail sales data


 bearing in stock

if you are interested in it , Get free samples :sales@edabearings.com

The dollar rebounded slightly against the safe-haven yen on Thursday after better-than-expected U.S. retail sales data eased fears that the U.S. economy might be heading for recession.
The yen rose against the dollar on Wednesday as fears of a recession intensified, following the first upside-down of the U.S. Treasury bond yield curve in 12 years.
However, the yen fell on Thursday as data showed a surge in U.S. retail sales in July, helping alleviate financial market concerns about the U.S. economy.
"With the rest of the world sliding into the abyss, retail sales data in July showed that American consumers were rescuing again," Michael Pearce, a senior US analyst at Kaishou Macro, said in a report.
U.S. retail sales surged in July as consumers cut back on car purchases while buying a range of goods, helping alleviate financial market fears of a recession.
The dollar rose 0.11% against the yen.
The dollar index, which tracks the trend of the dollar against the euro, the yen, the pound and three other currencies, rose 0.11% to 98.095, near a two-week high.
The U.S. Treasury bond market continued to send a warning signal that the 30-year yield fell to a record low below 2% on Thursday and the benchmark 10-year yield fell to a three-year low.


PREVIOUS:Short-nosed tigers covet most Asian currencies        NEXT:Concerns about recession and trade threats in China