US Retail Sales expanded by 0.4% MoM in September
|- US Retail Sales surprised to the upside in September.
- The US Dollar maintains its bullish impulse well in place.
According to the US Census Bureau, retail sales in the US increased by 0.4% to reach $714.4B in September. This followed a 0.1% rise in August and exceeded market expectations for a 0.3% monthly gain.
Retail sales excluding autos also grew beyond consensus by 0.5% from August’s 0.2% advance.
The press release noted, "Total sales for the July 2024 through September 2024 period were up 2.3 percent (±0.5 %) from the same period a year ago. The July 2024 to August 2024 percent change was unrevised from up 0.1% (±0.2%).”
Market reaction
The US Dollar Index (DXY) keeps its weekly uptrend well in place and navigates fresh highs near 103.80 amidst a broad-based recovery in US yields across the curve.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.