USD Overview (19 July 2021)
ByJin Dao Tai
JUL 19, 2021
Last Friday, USD strengthened against most major currencies except NZD.
The Retail Sales m/m data will be released last Friday indicated a stronger than expected increase in consumer spending in June.
- Core Retail Sales m/m (Actual: 1.3%, Forecast: 0.4%, Previous: -0.9% revised from -0.7%)
- Retail Sales m/m (Actual: 0.6%, Forecast: -0.4%, Previous: -1.7% revised from -1.3%)
The Preliminary UoM Consumer Sentiment data (Actual: 80.8, Forecast: 86.5, Previous: 85.5 revised from 86.4) released last Friday indicated a decline in the surveyed consumers’ level of optimism on the U.S. economic conditions due to less favorable prospects for the economy.
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