Breaking: US Retail Sales rise by 0.5% in March vs. 0.6% expected

FXStreet Team FXStreet

US Retail Sales rose at a pace of 0.5% MoM in March, a little less than the expected pace of 0.6% and a slowdown versus the previous month's 0.8% pace, data released by the US Census Bureau on Thursday revealed.

The MoM growth in Core Retail Sales was a little stronger than expected in March at 1.1% versus the forecasted 1.0% growth rate, an acceleration from the 0.6% pace of growth one month earlier.

The Retail Control group showed a MoM pace of growth of -0.1%, weaker than the 0.2% expected and comes after a 0.9% decline in February.

Market Reaction

The DXY, already on the front foot amid a dovish reaction to the ECB policy announcement that led to the euro weakening against the US dollar, is extending gains to the upside and is eyeing a break back above 100 in wake of the mixed Retail Sales figures.

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FXStreet Team

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