- US Retail Sales rose at a stronger pace than expected in June.
- US Dollar Index continues to edge higher toward 99.00.
Retail Sales in the US increased by 0.6% on a monthly basis to $720.1 billion in June, the US Census Bureau reported on Thursday. This reading followed the 0.9% decrease reported in May and came in better than the market expectation for an increase of 0.1%. On a yearly basis, Retail Sales were up 3.9% in June, compared to 3.3% in May.
“Total sales for the April 2025 through June 2025 period were up 4.1% from the same period a year ago,” the press release read.
Market reaction
The US Dollar preserves its strength following the upbeat Retail Sales data. At the time of press, the USD Index was up 0.55% on the day at 98.82.