- Monthly Retail Sales in US contracted unexpectedly in February.
- US Dollar Index stretches higher despite uninspiring data.
Retail Sales in the United States declined by 0.5% on a monthly basis in February following January's increase of 0.6%, the data published by the US Census Bureau showed on Tuesday. This reading came in worse than the market expectation for an expansion of 0.2%.
On a yearly basis, Retail Sales rose by 4.9% in the same period. "Total sales for the December 2019 through February 2020 period were up 4.9% from the same period a year ago," the publication further read.
Despite the disappointing data, the US Dollar Index continues to push higher and was last seen adding 1.52% on the day at 99.50.
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.