US Retail Sales expanded by 0.4% MoM in September

US Retail Sales surprised to the upside in September.
The US Dollar maintains its bullish impulse well in place.

FXStreet Team FXStreet

According to the US Census Bureau, retail sales in the US increased by 0.4% to reach $714.4B in September. This followed a 0.1% rise in August and exceeded market expectations for a 0.3% monthly gain.

Retail sales excluding autos also grew beyond consensus by 0.5% from August’s 0.2% advance.

The press release noted, "Total sales for the July 2024 through September 2024 period were up 2.3 percent (±0.5 %) from the same period a year ago. The July 2024 to August 2024 percent change was unrevised from up 0.1% (±0.2%).”

Market reaction

The US Dollar Index (DXY) keeps its weekly uptrend well in place and navigates fresh highs near 103.80 amidst a broad-based recovery in US yields across the curve.

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FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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