Retail sales data in the US
- Core retail sales index in the USA (m / m), fact 0.4%, forecast 0.4%.
- NY Empire State Manufacturing Index (USA), fact 22.60, forecast 22.00.
- The volume of retail sales in the US (m / m), 0.5% fact, 0.5% forecast.
US retail sales in July were very restrained and coincided with expectations. But the revised value for the previous period has improved noticeably, thereby providing support to the American dollar.
Fig. 1. US Retail sales chart
Despite the optimistic statistics, the dynamics of the US dollar remains descending, which is caused by the negative dynamics of stock indices and risks associated with the US currency. Significant support for the American dollar is the level of 94.40-50.
Fig. 2. The US dollar index. The current price is 94.50 (10-year government bonds yield is a blue line)
Read also: “Government Bonds – Mechanism of Trade and Correlation with the Currency Market”
Hanzenko Anton
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