US: Retail Sales decline by 0.4% in February vs. -0.3% expected – by eren_fxstreet UnitedStates RetailSales Macroeconomics EconomicIndicator
US Dollar Index clings to strong daily gains above 104.50.declined by 0.4% on a monthly basis in February to $697.9 billion, the US Census Bureau reported on Wednesday. This reading followed January's expansion of 3.2% and came in slightly worse than the market expectation for a decrease of 0.3%.
"Total sales for the December 2022 through February 2023 period were up 6.4% from the same period a year ago," the press release further read. "The December 2022 to January 2023 percent change was revised from up 3.0 to up 3.2%."This data failed to have a significant impact on the US Dollar's performance against its major rivals. As of writing, the US Dollar Index was up 0.9% on the day at 104.60.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
February Retail Sales to Show if Consumers Pulled BackU.S. consumers have shown surprising vigor in early 2023, and a report on February retail sales will show whether that is changing
Read more »
Subaru WRX Sees Its Best February For U.S. Sales In History | CarscoopsSubaru of America sold 2,598 WRXs last month, marking the best February for the car's sales since its inception
Read more »
US Retail Sales Forecast: Correction following January surge – Previews by eight banksUS Retail Sales Forecast: Correction following January surge – Previews by eight banks RetailSales UnitedStates Macroeconomics DollarIndex Banks
Read more »
USD/CHF looks capped below 0.9150 as US Inflation worries fade, US Retail Sales eyedThe USD/CHF pair is juggling in a narrow range below 0.9150 in the early Asian session. The upside in the Swiss Franc asset looks capped as the United
Read more »
USD/JPY scales to near 134.50 on dovish BoJ minutes, spotlight shifts to US Retail SalesThe USD/JPY pair is approaching 134.50 amid the release of the dovish Bank of Japan (BoJ) minutes for the monetary policy meeting, announced last week
Read more »