HONG KONG, May 18 ― Overnight surges left the euro and pound sitting pretty in early Asia helped by good UK jobs data and a general improvement in investor sentiment on solid US retail sales and hopes of easing lockdowns in China.
These gains pushed the dollar index, which measures the greenback against six peers, as low as 103.18 in early Asia, its lowest in nearly two weeks. US retail sales rose strongly in April as consumers bought more motor vehicles amid an improvement in supply and increased spending at restaurants.
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