EUR/USD remains steady around 1.0880 during Asian trading hours, with the US Dollar (USD) holding firm ahead of Monday’s Retail Sales data release. However, the Greenback faced headwinds after the University of Michigan (UoM) reported a decline in its preliminary Consumer Sentiment Index for ...
So far this year, the US economy has confounded expectations that it will go into a recession. GDP grew in Q1 and seems likely to have done so again in Q2. The first estimate of Q2 GDP in the US will be released next week but ahead of that June updates for retail sales and industri...
US stocks decline as retail sales data add to growth concernsAlex Longley
Retail sales data is on the slate for later on, providing one of the final slices of data before the Federal Reserve decision tomorrow. The data is “arguably, the most important of today’s releases’’ given the influence it could have on bets about Fed rate cuts, according to Michael ...
The US Dollar exhibits strength on strong US Retail Sales data. Gold price (XAU/USD) extends its downside to $2,330 in Monday’s early New York session. The precious metal loses shine in the very-short term as investors expect that geopolitical tensions will not escalate further. U...
From 2013 to 2023, retail sales grew by an average annual growth rate of 5.1%. The latest data also shows that sales hit $1.83 trillion in the second quarter of 2024. This marks a fractional 0.5% rise from the previous quarter and a 2.1% annual increase. US retail sales during the ...
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Monthly sales of clothing stores in the U.S. surpassed 15 billion U.S. dollars in February 2024 and store sales were estimated to climb even higher in March.
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