US retail sales for December 2023 higher than expected LeapRate

January 18, 2024 BY Elizabeth Anderson

US retail sales for December 2023 higher than expected

The December increase bettered November retail sales by 0.3%, confirming the resilience of American shoppers while bolstering the economy. The numbers also allay fears of stinted economic growth, starting the new year on a positive financial footing. Out of the 13 categories monitored, nine experienced sales increases compared to November 2023. Clothing, fashion accessories, and…

November 28, 2023 BY Simon Mugo

AUDUSD Rallied Higher for Fourth Day Despite Weak Retail Sales

The AUD/USD pair was hovering around the 0.6625 level while approaching its highs from early August. This upward trajectory can be attributed to various factors influencing the currency market. Australia's Retail Sales, a vital indicator of consumer spending, posted a decline of 0.2% for October, falling short of market expectations of a 0.1% increase and…

November 27, 2023 BY Simon Mugo

USDCAD Prices Edged Higher on Weak Canadian Dollar. What Next?

The Canadian Dollar (CAD) has faced headwinds due to a decline in crude oil prices, contributing to this upward pressure on the pair. Western Texas Intermediate (WTI) crude oil prices have been on a downward trajectory since Wednesday and are currently trading at approximately $75.00 per barrel. Crude oil prices have fallen since late September…

February 10, 2020 BY Valentina Kirilova

Will US retail numbers for January surprise the markets with further improvement?

The following article was written by Ramy Abouzaid, Head of Market Research of ATFX (AE). The retail sales figures are a significant part of the economic data released by the US economy, and its release is one of the most influencing events in the market during the month. The importance of the retail sales report…

Tag: retail sales