Dollar Rises as Traders Digest U.S. Data

Core Insights - The dollar is experiencing a slight increase as traders analyze recent U.S. retail sales and producer prices data while anticipating further economic indicators [1][2] Group 1: Economic Indicators - Retail sales in November rose by 0.6%, surpassing expectations, indicating strong consumer spending as the year-end approaches [2] - Producer prices increased by 0.2% month-on-month in November, raising the annual rate to 3.0% from 2.8% in October, suggesting that inflation has not yet peaked [2] - Analysts from Danske Bank note that the retail sales data reflects robust consumer spending, while the PPI data indicates potential for faster increases in consumer prices [2]