The US retail sales fell 0.4% in February, worsening market forecasts, which expected a decrease of 0.3%. The result for January was revised upwards, showing growth of 3.2% compared to 3% published a month ago.
Excluding vehicles, retail sales are down 0.1%as expected, after having grown by 2.4% in January (figure revised upwards from 2.3%).
Control of the retail sector has grown by 0.5% in February, exceeding the -1.2% forecast.
USD reaction
He Dollar Index (DXY) it has fallen close to 15 pips after the release, easing to 104.43, although it remains strongly bullish after reaching a three-day high of 104.80 a few minutes earlier. The greenback is being favored by the strong wave of risk aversion generated by the collapse of Credit Suisse.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
