020 7898 0500The dollar continued its march yesterday, as contagion fears continued to reign in the markets and US retail sales recorded a strong month on month growth of 0.5%, against 0.1% expected. Other data on Wednesday showed worker productivity growing at its fastest pace in more than three years in the second quarter. Overall, strong domestic demand supports expectations the Federal Reserve will raise interest rates in September for the third time this year, further fueling the dollar strength already being experience by its safe haven status.
