US Retail Sales rose 0.7% in September vs. 0.3% anticipated

US Retail Sales rise by 0.7% in September, above the 0.3% of market consensus.
Core Retail Sales increase by 0.6%, the same as Control Group Sales.
US Dollar gains momentum after the data, DXY climbs toward daily highs.

Matías Salord FXStreet

Retail Sales in the US rose 0.7% on a monthly basis in September to $704.9 billion, the data published by US Census Bureau showed on Tuesday. This reading followed the 0.8% (revised from 0.6%) increase recorded in August and came in better than the market expectation of 0.3%.

Retail Sales Ex-Autos rose 0.6% in the same period, compared to analysts' estimate of 0.2% . Retail Sales Control Group increased 0.6%.

Market reaction

The US Dollar gathered strength against its rivals. The US Dollar Index (DXY) rebounded from 106.15 and climbed to 106.40, approaching daily highs. The next US economic report is September Industrial Production at 13:15 GMT.

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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