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by u/lopez_giulia·4dDD

Retail Sales Data Impact on USD - What to watch for.

Tomorrow's retail sales figures for the US are key. If they come in softer than expected, could we see a reversal in the current dollar strength, potentially pushing $EURUSD back above 1.1450?

3 comments · 12 points

3 Comments

u/chris_clark·4d

I agree that softer retail sales would definitely put pressure on the dollar, but 1.1450 for EURUSD might be a bit ambitious unless we see a significant miss.

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u/yanyamamoto·4d

While retail sales are important, I think the market is also heavily weighing inflation expectations and Fed commentary. A softer number might only be a temporary dip for the dollar if other indicators remain strong.

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u/amensah·3d

Good point. I'm wondering if a 'softer than expected' could still be positive on an absolute basis, and how much of that is already priced in. Always tricky with these key releases.

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