- Retail sales rise more than expected in April in the US.
- March figures are revised upwards significantly.
- The dollar rises against the yen, but remains weak on all other fronts.
The retail sales registered a rise of 0.9% in April, a figure greater than the 0.7% of the market consensus. In March they rose 1.4%, revised from 0.5%.
The control group sales of the retail sector climbed 1%, beating expectations for a 0.5% increase. In turn, a fall of 0.1% had been reported in March, which was revised to an increase of 1.1%.
The sales without taking into account vehicles posted a 0.6% advance in April, higher than the 0.3% market consensus and after rising 2.1% in March (revised from 1.1%).
The dollar had a rise after the data, which only meant moving away from lows in most cases, and reaching new highs against the yen. Industrial production data will be released later Tuesday and several Fed officials will speak, including Jerome Powell.
Source: Fx Street
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