Live Analysis – US Retail Sales & Weekly Wrap

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.

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Stuart Cowell  

Head Market Analyst

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