US Retail Sales rise 0.1% in August vs. -0.2% expected
Source Fxstreet
- Retail Sales in the US increased slightly in August.
- US Dollar Index stays in daily range below 101.00.
Retail Sales in the US rose 0.1% to $710.8 billion in August, the US Census Bureau reported on Tuesday. This reading followed the 1.1% increase recorded in July and came in better than the market expectation for a decline of 0.2%.
Retail Sales ex Autos expanded 0.1%, missing analysts' estimate for an increase of 0.2%.
"Total sales for the June 2024 through August 2024 period were up 2.3% from the same period a year ago," the press release read. "The June 2024 to July 2024 percent change was revised from up 1.0% to up 1.1%."
Market reaction
The US Dollar Index edged higher with the immediate reaction and was last seen rising 0.08% on the day at 100.78.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Gold nears $4,700 record as US–EU trade war fears ignite haven rushGold (XAU/USD) rallies on Monday after falling to a four-day low on Friday, edging up more than 1.50%, and hovers near the $4,700 figure after reaching a new all-time high courtesy of geopolitical uncertainty amid the US-European Union trade-war escalation over the weekend.
Gold (XAU/USD) rallies on Monday after falling to a four-day low on Friday, edging up more than 1.50%, and hovers near the $4,700 figure after reaching a new all-time high courtesy of geopolitical uncertainty amid the US-European Union trade-war escalation over the weekend.
Bitcoin options open interest hit $74.1B vs. $65.2B futures as BTC trades at $93,189; Checkonchain flags IBIT/Deribit concentration and a 15% hashrate drop.
Ethereum fell below $3,000 after failing at $3,200, with resistance at $3,020 and key support at $2,880; a break lower could target $2,800 and $2,750, while a rebound needs $3,120–$3,150.
When is the US President Trump’s speech at WEF in Davos and how could it affect EUR/USDUnited States (US) President Donald Trump is scheduled to deliver his speech at the World Economic Forum (WEF) in Davos after 13:00 GMT. Trump’s trip to Davos was delayed after Air Force One was forced to turn around due to a "minor electrical issue".
United States (US) President Donald Trump is scheduled to deliver his speech at the World Economic Forum (WEF) in Davos after 13:00 GMT. Trump’s trip to Davos was delayed after Air Force One was forced to turn around due to a "minor electrical issue".
