Bearish US Sales Data, Dollar in a Limbo
March 16, 2021
This morning’s US retail sales data came out much worse than expected, and traders could see further weakness in the Dollar as a result. Despite attempting another push higher, the Dollar is stuck in limbo.
The core retail sales data came out at -2.7% versus the forecast of 0.2%. This number represents all sales except for the automobile sector. The retail sales data came out at -3.0%…