Institutions: US Retail Sales Data Expected to Only Briefly Impact Dollar Trend
Odaily News: Due to the government shutdown, the delayed US November retail sales data will be released tonight. The market expects a slight increase of 0.4% in November sales, compared to the 0% recorded in October. Although the retail sales report is a key indicator for measuring consumer spending and demand, its potential impact on the US dollar has been diminished due to the delayed release. However, some institutions anticipate that the discrepancy between the actual retail sales data and expectations will still have a decisive influence on the dollar's movement. If the report results are significantly below expectations, it may put pressure on the dollar; conversely, if the data far exceeds expectations, it should boost the dollar. Overall, however, this reaction is likely to be short-lived, as investors' focus remains elsewhere. (Jin10)
