Sentiment Improves On Data, Easing Fed Fears; Stocks And Euro Edge Up

 | Jul 18, 2022 06:01AM ET

  • Strong US retail sales and softer inflation expectations lift Wall Street
  • Dollar knocked off highs as 100-bps Fed rate hike bets pared back
  • Euro tries to distance itself from parity but Italy and gas supply risks cap gains
  • WTI oil tests $100 on summer demand after Biden’s Saudi trip bears no fruit
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