Data released moments before by the US Census Bureau showed a rise in US retail sales better than market expectations, as sales rose by about 3.8% in November, the highest level in ten months, compared to a decline of about 1.9% in the December reading, while expectations indicated that it would rise by about 2.1%.
Core sales, excluding car prices, recorded a growth in January of 3.3%, compared to a decline of about 2.3% recorded in December, better than expectations that indicated a growth of 1%.
The US dollar is trading at 95.90 levels, up by 0.15% from the lowest level recorded during the session.
05/11/2024
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