Apr 15, 2021 16:16 GMTForex News
US Retail Sales have surged by 9.8% in March, smashing estimates.
Pressure on the dollar following tame inflation figures may be coming to an end.
The stock market rally may also be reaching a turning point.
Doorbuster figures– Americans have not been waiting for Black Friday to swarm shops and buy big. Retail Sales soared by 9.8% in March, smashing estimates, which were roughly half. While the Control Group figures missed with 6.9%, that is still a substantial figure.
Moreover, US
jobless claims nearly have nearly stolen the show with a tumble to 576,000, far below 700,000 estimated and signaling a robust labor market. The Philly Fed Manufacturing Index and other statistics also point to a robust economy.
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