Price drop of the US dollar retail price index
Deltafx Admin 22 January 2023The retail sales index measures the change in the value of total sales at the retail level. This index is the main index of consumer spending, which accounts for the majority of economic activities. The release of a value that is higher than expected should be considered positive/bullish for the USD, while the release of a value that is lower than expected should be considered negative/bearish for the USD.
The index of retail prices was released at 1:30 am on January 18 and came in at -0.6%, 0.4% below expectations. The value of the last period of this index was 1.3%.
After the release of this index, which was significantly below forecasts, we saw the decline in the strength of the US dollar against other currencies in the markets.
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