Data released moments before by the US Census Bureau showed that US retail sales remained unchanged at zero levels in September, compared to a growth of about 0.4% in the revised August reading, while market expectations indicated a growth of about 0.2%.
Core sales, excluding car prices, recorded growth In September, it was revised down by 0.1%, while the August reading was revised down by 0.1%. On an annual basis, retail sales fell to a five-month low of 8.2% in September, compared to 9.15% in August
The US dollar is trading at 112.94 levels and is heading to close the week with gains of about 0.20% for the second week in a row, benefiting from the high expectations of futures markets according to the Fed Watch tool from CME for the rate of the US Federal Reserve raising interest rates by 75 basis points in November to 94%, compared to 78% at the beginning the week .
02/11/2024
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