The dollar was set for a second week of gains on Friday while stock markets fell ahead of a handful of major U.S. and Chinese data releases which may do little to settle growing nerves over the outlook for the world’s two biggest economies.
A poor performance on Wall Street on Thursday, driven by another big drop in Apple shares, seeped into Asian and European markets, down around half a percent across the board.
Doubts over growth in Europe, the financial stability of China and the U.S. Federal Reserve’s ability to raise interest rates have dominated the past month and U.S. retail sales and Chinese releases over the next 24 hours will be important new pieces of the picture.
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