JinDao_Tai

USD Overview (19 July 2021)

TVC:DXY   U.S. Dollar Index
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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