Dollar Revived By Upbeat US Data, North Korea Respite

The dollar hoarded hefty gains on Wednesday after strong U.S. retail data put a Federal Reserve rate hike back on the agenda, while Asia stocks inched ahead as tensions over North Korea simmered down little. North Korean leader Kim Jong Un has delayed a decision on firing missiles towards Guam while he waits to see what the United States does, as Washington said any dialogue was up to Kim. The break in threat and counter-threat was enough for South Korean stocks to bounce 0.7 percent, though they remain well short of the record peak touched last month.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent while Japan’s Nikkei dithered either side of flat.
There was no clear lead from Wall Street, where the Dow had ended Tuesday up a tiny 0.02 percent. The S&P 500 lost 0.05 percent and the Nasdaq 0.11 percent.The economic news, however, was much more emphatic with U.S. retail sales rising the most in seven months in July as consumers spent more on 10 of 13 retail sectors.
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