The US Dollar headed lower following the data, which saw retail sales plunge, and import prices fall.US retail sales plunged -1.9% in December and dropped -2.3% excluding autos, much weaker than expected. Those follows November’s 0.2% (was 0.3%) headline rise and the 0.1% (was 0.3%) gain in the core after strong 1.8% jumps in October sales. Sales excluding autos, gas and building materials dropped -2.7% from -0.4% (was 0.1%). Many of the components weakened on the month with some big revisions to November.
Access our Economic Calendar
Head Market Analyst
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.