US retail sales data for August
- Core retail sales index (m / m) (Aug), fact 0.3%, forecast 0.5%.
- Export price index (m / m) (Aug), fact -0.1%, forecast 0.1%.
- Import price index (m / m) (Aug), fact -0.6%, forecast -0.2%.
- Volume of retail sales (m / m) (Aug), fact 0.1%, 0.4% forecast.
The report on retail sales in the US for August was very weak in all respects, but the US currency reacted with restrained growth to the news.
Fig. 1. Core retail sales index chart in the US
At the same time, these indicators remain within a range of statistical uncertainty, despite the decline. And ignoring the negative data can be explained by the consideration of weak data on sales in the US after the publication of yesterday’s inflation report in the US.
The US dollar index on these news went to correction, thereby departing from the support level of 94.50 and unloading oversold. At the same time, the American dollar continues to be limited by a downward trend. Resistance marks are: 94.80 and 95.00.
Fig. 2. The US dollar index chart. The current price is 94.60 (10-year government bonds yield is a blue line)
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Hanzenko Anton
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