US Retail Sales decline 0.9% in January vs -0.1% expected
Source Fxstreet
- Retail Sales in the US declined more than expected in January.
- The US Dollar Index stays in negative territory below 107.00.
Retail Sales in the US declined by 0.9% in January to $723.9 billion, the US Census Bureau announced on Friday. This reading followed the 0.7% increase (revised from 0.4%) reported in December and came in worse than the market expectation for a decrease of 0.1%.
"Total sales for the November 2024 through January 2025 period were up 4.2% from the same period a year ago" the press release noted. "Retail trade sales were down 1.2% from December 2024, and up 4.0% from last year."
Market reaction
The US Dollar (USD) stays on the back foot following the disappointing data. At the time of press, the USD Index was down 0.15% on the day at 106.90.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
During the Asian trading session on June 4, Bitcoin continued its multi-day slump, briefly dropping below the $62,000 mark to $61,338. As of press time, Bitcoin was trading at $63,844, wi
Bitcoin drops below $65K amid reinforced bear market signalsBitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Bitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Here is what you need to know on Wednesday, June 3:
On June 2, Eastern Time, the cryptocurrency market suffered its most severe wave of concentrated liquidations so far this year. Bitcoin ( BTC) fell below the $70,000 psychological support
West Texas Intermediate (WTI) gains ground for the third successive day, trading around $92.90 per barrel during the Asian hours on Wednesday.
