On Thursday, the monthly rate of US retail sales in October was 0.4%, higher than the expected 0.3%, and the previous value was revised up from 0.4 to 0.8%. Retail sales grew steadily in October as US consumers showed a continued willingness to consume.
After the data was released, spot gold fell in the short term and then rose, with a short-term fluctuation of 6 US dollars; the short-term gain of the US dollar index expanded to more than 30 points; non-US currencies generally fell, with the pound falling more than 40 points against the US dollar in the short term, the euro falling more than 30 points against the US dollar in the short term, and the US dollar rising more than 50 points against the Japanese yen in the short term.
Better-than-expected retail sales data led traders to cut bets on a 2025 Federal Reserve rate cut.
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Article forwarded from: Jinshi Data