The dollar has stopped falling, but close to a 15-month low, gold rises after US retail data

July 18 (Reuters) – The dollar turned around and rose slightly to trade near its lowest level since April 2022, while gold prices continued their gains on Tuesday after U.S. retail sales data fell well below expectations.

US retail sales rose 0.2% in June from the previous month, the Commerce Department said on Tuesday. Analysts expected an increase of 0.5%.

The dollar index to the basket of major currencies at 15:41 Moscow time was stable at 99.922, while a few minutes before the release of the statistics the index retreated slightly, approaching the level of 99.746.

Gold continued its gains after the release of retail sales data – the price of gold rose by 0.41% to USD 1,962.69 per ounce.

The yield on 10-year US Treasuries jumped to 3.7736% from 3.7599% before the data release.

Futures on Wall Street’s major stock indexes remained weak: Dow and S&P 500 futures were little changed while the Nasdaq 100 fell 0.16%.

Oil price growth slowed down with Brent futures up 0.17% to $78.63/bbl, WTI up 0.2% to $74.3/bbl, compared with increases of around 0.4% and 0.35%, respectively, prior to data release. (Reuter office in Gdansk)