US stocks rise, GBP plummets

FXStreet (Córdoba) - US stocks were rising while European markets finished higher on a session with risk appetite. The FTSE 100 rose 0.37% while the Dax soared 1.43%. In Wall Street the Dow Jones was rising 0.57% and the Nasdaq was up 0.88%.

Regarding economic data, in the US retail sales were unchanged in July, the worst reading in six months, analysts were expecting a marginal increase.

The US dollar lost ground across the board after the report but then managed to recover most of the losses. The Aussie and the Kiwi were the best performers so far on Wednesday among the most traded currencies while the Pound was plunging across the board.