US Retail Sales expected to surge in June, deliver potential US Dollar relief – by FXstreetNews RetailSales UnitedStates EconomicIndicator EURUSD SEO
ted to see another increase after unexpectedly rising in May. Note that the Retail Sales data is adjusted for seasonality but not for inflation.
The US Retail Sales report could have a significant impact on the Fed interest rate expectations and, in turn, on the US Dollar’s valuation, as there is a lack of high-impact US economic data this week and the Fed’s ‘blackout period’ has started ahead of the July 25-26 FOMC meeting.The headline Retail Sales are seen rising 0.5% MoM in June, compared with a 0.3% growth seen in May. Excluding autos, Core Retail Sales are likely to have risen 0.3% in June, compared with a 0.
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