Release of lower-than-expected Figures for US Retail Sales and EUR/USD Currency Pair DeclinesDeltafx Admin 19 December 2022
The U.S. Retail Sales Index measures the change in the value of total sales at the retail level. This index is the primary index of consumer spending, which accounts for the majority of economic activity.
when the numbers come in higher than expected, it is considered positive/bullish for the USD, while the release of numbers that come in lower than expected is often considered negative/bearish for the USD.
he US Retail Sales Index was released at 1:30 pm on December 15 at -0.6%. A reading of -0.2% had been expected, but it did not meet expectations. It is also worth noting that the value for the previous period of this index was 1.3%. EUR/USD fell to 1.06074 after the index of US retail sales was lower than expected. Also, gold temporarily rose to the level of $1796.