📉 U.S. Retail Sales Disappoint – May Data
🔹 Core Retail Sales (MoM):
📍 Worse-than-expected – negative for USD
🔹 Headline Retail Sales (MoM):
📍 Deeper contraction than forecast – negative for USD
💬 Implication:
Weaker consumer spending raises concerns about slowing U.S. growth, increasing the probability of Fed rate cuts in upcoming meetings.
#USD #RetailSales #USData #ForexNews #FOMC #DollarIndex
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