Source: U.S. retail sales data is expected to have only a temporary impact on the dollar's performance
Svmuu News: The delayed U.S. November retail sales data will be released tonight due to the government shutdown. The market expects a modest 0.4% increase in November sales, following a 0% reading in October. Although the retail sales report is a key indicator of consumer spending and demand, the delay in its release has reduced its potential impact on the dollar. However, some analysts expect that the difference between the actual retail sales data and the forecast will still have a decisive influence on the dollar’s trajectory. If the report comes in significantly below expectations, it could put pressure on the dollar; conversely, if the data comes in significantly above expectations, it should boost the dollar. Overall, however, this reaction is likely to be short-lived, as investors’ attention remains focused elsewhere. (Jin Shi)
Source:Odaily · Source Link
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