CitiBank Talks About The Dollar

The American investment bank says that it expects some kind of rebound in July retail sales data. Current market consensus is at 0.4% m/m and Citi expects a reading between 0.4% and 0.7% m/m.
A reading equal to 0.7% m/m would be quite a nice boost for the dollar. However, Citi adds that China still remains a risk factor and even if there is some rebound on the dollar, it could be temporary.

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