Data released moments before by the US Census Bureau showed an unexpected rise in retail sales in August to 0.7%, after it had been expected to decline by -0.8%, and compared to the July reading of -1.1%, before it was revised to 1.8%, bringing sales in dollars to 618.7 billion dollars. Core retail sales rose to 1.8% compared to the revised July reading to -1.0%, better than expectations of a -0.1% decline.
On the other hand, manufacturing activity in the Philadelphia region continued to expand in September, according to the index, which rose by 11 points to 30.7, better than expectations that indicated a rise to 18.9, as the current shipments index improved to 29.9 and the new orders index decreased by 7 points.
The general index of the US dollar continues to rise after this data, to trade at 92.86 levels, with gains exceeding 0.40%, while the major currencies are retreating.
The yellow metal loses more than 1.25%, trading at levels of 1765 dollars per ounce (27 dollars), affected by the continuous rises of the US dollar since the beginning of the session due to the inverse relationship between the yellow metal and the US dollar, while silver losses extend to more than 2%, trading at 23.23 dollars per ounce.
06/11/2024
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