US Retail Sales stay virtually unchanged at $704.3 billion in June
Source Fxstreet
- Retail Sales in the US held steady above $700 billion in June.
- US Dollar Index clings to modest daily gains above 104.00.
Retail Sales in the US remained virtually unchanged at $704.3 billion in June, the US Census Bureau reported on Tuesday. This reading followed the 0.3% increase (revised from 0.1%) recorded in May and came in line with the market expectation. Retail Sales ex Autos grew 0.4% in the same period.
"Total sales for the April 2024 through June 2024 period were up 2.5% from the same period a year ago," the Census Bureau further noted in its press release. "The April 2024 to May 2024 percent change was revised from up 0.1% to up 0.3%."
Market reaction
The US Dollar Index edged slightly higher with the immediate reaction and was last seen rising 0.1% on the day at 104.35.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Fed Chair Warsh Makes Jackson Hole Debut: Can Bitcoin Capitalize on Momentum to Break Strong $83,000 Resistance?On August 28, Bitcoin (BTC) price continued to fluctuate in a narrow range
On August 28 Eastern Time, international silver prices continued their recent strong rally, with spot silver (XAGUSD) briefly breaking through the key $70 mark intraday, after approaching
Today’s Market Recap: Nvidia Surges Nearly 9%, Salesforce and CrowdStrike Ignite Software Stocks as Market Focuses on Jackson Hole Meeting On August 27, Eastern Time, the three major U.S. stock indices closed higher across the board, led by the Nasdaq. Nvidia's strong earnings report and optimistic reve
On August 27, Eastern Time, the three major U.S. stock indices closed higher across the board, led by the Nasdaq. Nvidia's strong earnings report and optimistic reve
Gold Price Forecast: Hotter-Than-Expected PCE Inflation Pressures Gold, Will Warsh's Jackson Hole Speech Spark a New Rally? As of the European session on August 27, today's gold price (XAUUSD) maintained a range-bound consolidation trend intraday, with the latest price trading near $4,600. On Wednesday, gold p
As of the European session on August 27, today's gold price (XAUUSD) maintained a range-bound consolidation trend intraday, with the latest price trading near $4,600. On Wednesday, gold p
TradingKey Daily Market Briefing: Nvidia Earnings Beat Expectations, Strong PCE Inflation Weighs on Market Sentiment as Focus Turns to Jackson Hole Meeting On August 26, Eastern Time, the three major U.S. stock indices closed slightly lower. U.S. July PCE inflation data came in slightly strong, reinforcing market concer
On August 26, Eastern Time, the three major U.S. stock indices closed slightly lower. U.S. July PCE inflation data came in slightly strong, reinforcing market concer
