U.S. Daily Market Review

Economic Indicators

In October, the volume of retail sales in the US rose more-than-expected, as official data showed on Tuesday, reinforcing optimism over the fact that consumer spending may accelerate economic growth at the beginning of the fourth quarter.

The US Commerce Department reported that retail sales in October rose 0.8% compared with the previous month, higher than the expected increase of 0.6%. In September, retail sales growth has been revised from the initial rise of 0.6% to 1.0%.
The base retail trade (excluding car sales) rose 0.8% in October compared with the expected increase of 0.5%. In September, growth was revised to 0.7% from the preliminary 0.5%.

Forex

EUR/USD fell 0.08% to 1.0728, and USD/JPY rose 0.73%, reaching 109.20.
The USD Index rose 0.15% to 100.18.

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Posted by on November 15, 2016
D'Vaughn Bell