United States Retail Sales push the Dollar up

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The monthly US Retail Sales data has been published. Markets expected Retail Sales to have increased by 0.4%. The actual released number revealed an increase of 0.6%.

The US Dollar reacted to the news with a sharp surge up. The surge is attributed to the factor that higher retail sales are bound to boost inflation that would force the Federal Reserve to keep US Dollar base interest rate higher for longer. Namely, the US Dollar bonds and other investments that use the rate as a base are set to be more lucrative.
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