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
On April 23, Eastern Time, Intel (INTC) reported its latest quarterly earnings results, showing that revenue grew 7% to $13.6 billion and earnings per share was $0.29, beating expectation
Gold price (XAU/USD) falls to around $4,690 during the early Asian session on Friday. The precious metal attracts some sellers amid a stronger US Dollar (USD) and elevated oil prices that stoked inflation worries.
Silver Price Forecast: XAG/USD plummets below $76 as oil price posts fresh weekly highSilver price (XAG/USD) is down almost 2.3% to near $76.00 during the European trading session on Thursday. The white metal faces selling pressure as oil prices extends its winning streak for the third trading day on Thursday.
Silver price (XAG/USD) is down almost 2.3% to near $76.00 during the European trading session on Thursday. The white metal faces selling pressure as oil prices extends its winning streak for the third trading day on Thursday.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – fades an Asian session spike to the $95.80-$95.85 area, or a one-and-a-half-week top, and retreats to the lower end of its daily range in the last hour.
JPMorgan Chase has raised its year-end target for the S&P 500, noting that the core driver is not a simple recovery in sentiment, but rather upward earnings revisions for AI-related techn
