Dollar index drops after US retail sales’ surprise contraction

0
31
views
The Dollar index (DXY) immediately fell by some 0.2 percent, dropping below the 98.0 psychological level once more, following the release of the September US retail sales data. The print showed a 0.3 percent month-on-month decline, versus the 0.3 percent gain that markets had expected. This was the first contraction in US retail sales since February.

Considering that the previous three monthly readings on US retail sales had exceeded market expectations, the September contraction sticks out like a sore thumb. US consumers have been propping up the growth momentum in the world’s largest… Read More:

For all Articles related to FXTM please click here

OPEN AN ACCOUNT WITH FXTM