US Retail Sale revision strengthens USD

Source: Dukascopy Bank SA


The most recent publication of US Retail Sales data has caused a surge of the US Dollar. In general, the current data was mixed, but the revision of previous data caused the surge.

Monthly retail sales volume was expected to increase 0.3%, but actual increase is 0.4%. However, this increase was offset by the fact that the Core Retail Sales that exclude Auto sales, increased only 0.1% not 0.3%.

Dollar gained due to the previous month's retail sales increase was revised from 0.4% up to 0.8% and Core sales were revised to 1.0% from 0.5%.
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