The dollar is down for the second day in a row before US retail sales

The US dollar fell on the European market on Monday against a basket of world currencies, continuing its decline for the second day in a row, with the correction and profit taking of the highest level in two weeks, before the publication of data. United States. Provides solid evidence of the pace of growth of the world's largest economy in the second quarter.

The dollar index fell more than 0.2% at 12.00 GMT, trading at 94.18 points, the opening level of 94.48 points, the highest at 94.51 and the lowest at 94.15.

The index ended Friday's session down 0.1%, its first loss in five days, on the correction and profit taking, after peaking at 94.98 points in two weeks.

Over the past week, the index has risen 0.7%, as data on US inflation has heightened the likelihood that the Federal Reserve will raise interest rates. interest twice more this year.

In contrast to the correction and profit taking, the US dollar falls against the rise of the euro and the pound after good trade relations between the EU and China. Post-secession of the European Union.

Investors are eager to know US monthly monthly retail data for June, which clearly show the growth trajectory of the US economy in the second quarter, after less progress in the first quarter of this year. General, where retail sales are one of the most important indicators of consumption, accounting for more than 70% of the value of GDP.

Retail sales are expected to increase 0.4% in May after increasing 0.8% in May Retail sales excluding auto sales are expected to increase 0.4% An increase of 0.9 % in the previous reading.