- Retail Sales in US remained unchanged in April.
- US Dollar Index stays in the negative territory below 90.50.
Retail Sales in the US stayed virtually unchanged at $619.9 billion in April following March’s upsurge to 10.7% (revised from 9.8%), the data published by the US Census Bureau revealed on Friday. This reading missed the market expectation for an increase of 1%.
Moreover, the Retail Sales Control Group declined by 1.5% after rising 10.7% in March. “Total sales for the February 2021 through April 2021 period were up 27.1% from the same period a year ago,” the publication further read.
The greenback remains on the back foot against its rivals after this report. As of writing, the US Dollar Index was down 0.3% on the day at 90.45.
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