Retail Sales above expectations

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Source: Dukascopy Bank SA


At 12:30 GMT, Census Bureau, revealed its monthly retail sales data. The USD reacted by surging.

Retail sales Month-on-Month forecast was -0.3%, actual number is above number which is 0.0% Core retail sales Month-on-Month expected number was 0.1%, actual number is 0.4%.

The US Federal Reserve is monitoring macroeconomic data in to decide whether to cut rates or not. Lower Retail sales data are base argument to cut rates.
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