Dollar trades higher after mixed US data, but Mideast conflict keeps mood tense
Adrian Bogdan
NEW YORK/LONDON :The U.S. dollar pared losses to trade firmer on the yen on Tuesday, after economic data showed American consumers growing more cautious as trade and inflation uncertainty lingered ahead of the Federal Reserve's decision on interest rate later this week. U.S. retail sales were softer than expected in May, but consumer spending remained supported by solid wage growth. The dollar initially softened on the print, but quickly reversed those loses as the market digested the data's
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