retreat

/rɪˈtriːt/ verb [I]

Definition

› FINANCE, STOCK MARKET to become lower in value or amount, especially after getting higher: Wheat prices retreated after a two-day increase. By the end of business, the dollar had retreated by a full percentage point against the euro.retreat to sth Share prices retreated 28p to 721p.retreat from sth Other high-tech stocks retreated from strong gains earlier in the week.

› to stop doing something, because it causes too many problems: retreat from sth The company retreated from the US market in the late 1990s.

(Definition of retreat verb from the Cambridge Business English Dictionary © Cambridge University Press)

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