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Rising retails sales give confidence

Rising retails sales give confidence

Many of South Korea’s small crypto exchanges set to disappear

  • #WallStreet indexes fell as an unexpected rise in retail sales pointed to resilience in the economic recovery, pushing up yields and spurring a broad move out of heavyweight technology stocks
  • South Korean regulators are set to shut down dozens of #cryptocurrency exchanges in the coming days, though the impact is likely to be felt only on the margins of the industry given the low volumes involved
  • The #dollar climbed to the higher end of recent ranges against other major currencies, as traders looked to next week's Federal Reserve policy meeting for indications on how soon the U.S central bank will start to taper #stimulus

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