US: Retail Sales rose by 0.3% MoM in November versus 0.8% expected rise
|- US Retail Sales rose by 0.3% MoM in November, below expectations.
- The DXY saw a very slight dip, but remains close to recent highs with focus on the Fed policy announcement.
US Retail Sales rose by 0.3% MoM in November, according to data published by the US Census Bureau revealed on Tuesday. That was below market expectations for a MoM rise of 0.8% and marked a substantial deceleration from last month's (upwardly revised from 1.7%) 1.8% MoM gain. That took the YoY rate of headline Retail Sales growth to 18.21% in November.
As with the headline, the MoM pace of Core Retail Sales growth in November also missed expectations, coming in at 0.3% versus forecasts for a growth rate of 1.0%. That also marked a substantial deceleration from October's 1.8% MoM gain. The Retail Control, which correlates more closely to the retail spending component of GDP, was down 0.1% MoM in November versus expectations for a 0.7% rise.
Market Reaction
The DXY saw a very slight dip on the weaker than expected numbers, though has remained close to recent highs in the 96.50 area with focus firmly on the Fed policy announcement later in the session.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.