USA: Retail sales fall 0.4% in February, accentuating the 0.3% decline expected

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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%).

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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.

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Source: Fx Street

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