US Core Retail Sales (August 2024) is due today around 15:30 PM (+3 GMT Cairo time zone). This is one of the most important data for the economy's performance.
As defined, Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Watch the data closely 🙋♂️
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