01:30 PM GMT, United States - Retail Sales Data for February:
- Retail Sales: actual 0.6% MoM; forecast 0.8% MoM; previous -1.1% MoM;
- Retail Sales: previous 0.65% YoY;
- Retail Control: actual 0.0% MoM; previous -0.3% MoM;
- Core Retail Sales: actual 0.3% MoM; forecast 0.5% MoM; previous -0.8% MoM;
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThe dollar strengthens after the data release, with EURUSD losing 0.20% to 1.0930. However, it's important to note that at the same time, the PPI data were published, which were significantly higher than expected. Therefore, in reaction to both reports, the USD appreciates. The fact that retail sales are lower than expected should be interpreted more dovishly, as the data indicate weakening consumers in the USA, and at the same time increase the chances of interest rate cuts. Nevertheless, the reaction is subdued by the publication of the more important PPI data from the Fed's perspective.
Source: xStation 5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
