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
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.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
Bitcoin’s two-year rolling MVRV z-score has dropped to its lowest level ever, pointing to extreme undervaluation.
Gold (XAU/USD) attracts follow-through buying for the second consecutive day and surges past the $5,000 psychological mark during the Asian session on Wednesday amid the global flight to safety.
