Forex Markets Steady as Dollar Stabilizes Ahead of U.S. Retail Sales Data

Global forex markets traded cautiously on July 16, 2026, with the U.S. Dollar stabilizing after recent losses as traders assessed cooling U.S. inflation data and shifted their attention to upcoming U.S. retail sales figures. Despite softer inflation reducing expectations of a near-term Federal Reserve rate hike, geopolitical tensions continue to provide underlying support for the greenback.