DXY: U.S. Dollar Mixed After August Retail Sales Report Disappoints

  • U.S. monthly retail sales increase 0.1% Vs 0.4% expected
  • U.S. monthly retail sales ex-autos increase 0.3% Vs 0.5% expected

The U.S. Dollar Index has moved higher despite U.S. retail sales data coming in much weaker across the board during the month of August. Monthly retail sales came in 0.1% per cent, widely missing the 0.40 increase expected, retail sales excluding-automobiles rose 0.3% against expectations of a 0.5% increase.

The only bright spot inside the report came from a solid upward revision to the July retail sales figure and could be the reason the greenback has popped higher. The U.S. Dollar had been gaining ground prior to the release of today’s key retail sales data, after finding buying interest from the 94.40 level.

Traders now look to Michigan consumer sentiment index and industrial production data, while FED member Evans caps a busy week for Federal Reserve speakers.

What’s your view on the U.S. Dollar? Trade it with a REGULATED BROKER.


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