U.S. retail sales rise less than expectedU.S. industrial production gains in AprilMarkets expect Fed rate pause in JuneFocus on debt ceiling, meeting ends on upbeat note
TOKYO, May 16 (Reuters) – The dollar edged higher on Tuesday in choppy trading, with no clear direction, as investors kept an eye on debt ceiling talks to avert a possible default that could reverberate across asset markets and damage confidence in the world’s largest economy.
The dollar index, a measure of the greenback’s value against six major currencies, was up 0.2% on the day at 102.61 . Against the yen, the greenback rose 0.2% to 136.315 yen
Democratic President Joe Biden and top congressional Republican Kevin McCarthy’s U.S. debt ceiling negotiations ended on Tuesday after less than an hour, as the looming fear of an…