Data released moments before by the US Census Bureau showed an increase in US retail sales by about 0.9% in April, which was better than the markets expectations that indicated a decline to 0.5%, compared to a decline of about 0.5% before it was adjusted to 1.4% in the March reading, while the annual reading rose to 8.2%, compared to 7.3%, but it came below expectations, which were at 12.3%.
Core sales, excluding car prices, recorded a growth in April of 0.6%, compared to an increase of about 1.1% before it was adjusted to 2.1% recorded in March, but it came less than expectations that indicated a growth of 1.4%.
The US dollar is trading at 103.35 levels, down by 0.80% since the beginning of the session, amid anticipation in the markets for the statements of US Federal Reserve Chairman Jerome Powell and Fed members Bullard, Harker, Kashkari, Meester and Evans.
02/11/2024
ابحاث السوق
شارك المقال على منصات التواصل الإجتماعي
