The US dollar is in uncertainty. Redbook retail sales data

The US dollar remains in some uncertainty after the publication of data on retail sales.

• According to published data, the index of retail sales of Redbook increased by 0.4%, exceeding the previous value of 0.1%. On an annualized basis, the growth rate was 4.4%, which is higher than the previous value at 3.6%.

The US dollar index continues to move in the flat range in the short term, which is due to the uncertainty surrounding the trade war between the States and China. Also, on the premarket, the major US stock indices are growing (Dow + 0.71%, S & P 500 + 0.72%, Nasdaq + 1.05%) Further growth in the US stock markets in the course of US trading could put pressure on the US currency.

Fig. Graph of the US dollar index. The current price of DXY is 90.04.

Alexander Sivtsov