- 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.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD clings to gains near 1.0900 as USD remains weak
EUR/USD has regained its traction and climbed to the 1.0900 area in the American session following a technical correction early in the day. The persistent US Dollar weakness amid improving risk mood allows the pair to keep its footing in the second half of the day.
GBP/USD stabilizes above 1.2300 on BOE day
Following a pullback with the initial reaction to the Bank of England's policy announcements, GBP/USD has regained its traction and climbed above 1.2300. The pair remains on track to post gains for the second straight day as the US Dollar struggles to find demand.
Gold: XAU/USD approaches $2,000 amid broad US Dollar weaknes Premium
Spot gold retains its positive momentum and trades around $1,995 a troy ounce on Thursday. XAU/USD is extending its post-Fed advance, as the American central bank came out with a dovish message on Wednesday, triggering a dollar’s sell-off.
Breaking: Terraform Labs founder Do Kwon arrested in Montenegro: Interior minister
Terraform Labs' founder Do Kwon is arrested, according to Minister of Interior of Montenegro Filip Adzic. This is a developing story and will updated
Ford (F) Stock News and Forecast: $3 billion EV loss leads shares to advance
Ford (F) stock is demonstrating on Thursday exactly why automotive C suites are pivoting to electric vehicles. It is not because of the environment or due to easy profits. It is because the market likes it.