Retail Sales Down -0.3%, Core Retail Sales Down -0.1%, Buy USD On Dips !

forex 26543
forex 26543

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

The U.S Retail Sales fell -0.3% , from 1.0% in the previous month,  U.S Retail Sales was expected to slide to 0.2% last month.

The U.S Core Retail Sales fell -0.1% . from 0.8% in the previous month , U.S Core Retail Sales was expected to fall to 0.5% last month.

Market Impact : This development is likely to bring a corrective pullback for the US dollar before the next rise, support comes at the 96.25 levels ahead of the 95.51 levels (main).

Retail Sales Down-jun-USDINDEX