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Dollar Rallies After US Retail Sales Rebounds Strongly in March

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Advance Estimates of U.S. Retail and Food Services
Advance estimates of U.S. retail and food services sales for March 2019, adjusted for seasonal variation
and holiday and trading-day differences, but not for price changes, were $514.1 billion, an increase of 1.6
percent (±0.5 percent) from the previous month, and 3.6 percent (±0.7 percent) above March 2018. Total
sales for the January 2019 through March 2019 period were up 2.9 percent (±0.7 percent) from the same
period a year ago. The January 2019 to February 2019 percent change was unrevised from down 0.2
percent (±0.2 percent)*.
Retail trade sales were up 1.7 percent (±0.5 percent) from February 2019, and 3.5 percent (±0.5 percent)
above last year. Nonstore retailers were up 11.6 percent (±1.4 percent) from March 2018, while sporting
goods, hobby, musical instrument, and book stores were down 9.7 percent (±2.5 percent) from last year.

 

Census Bureau

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Ed Moya

Ed Moya

Senior Market Analyst, The Americas at OANDA
With more than 20 years’ trading experience, Ed Moya is a senior market analyst with OANDA, producing up-to-the-minute intermarket analysis, coverage of geopolitical events, central bank policies and market reaction to corporate news. His particular expertise lies across a wide range of asset classes including FX, commodities, fixed income, stocks and cryptocurrencies. Over the course of his career, Ed has worked with some of the leading forex brokerages, research teams and news departments on Wall Street including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with TradeTheNews.com, where he provided market analysis on economic data and corporate news. Based in New York, Ed is a regular guest on several major financial television networks including CNBC, Bloomberg TV, Yahoo! Finance Live, Fox Business and Sky TV. His views are trusted by the world’s most renowned global newswires including Reuters, Bloomberg and the Associated Press, and he is regularly quoted in leading publications such as MSN, MarketWatch, Forbes, Breitbart, The New York Times and The Wall Street Journal. Ed holds a BA in Economics from Rutgers University.
Ed Moya

@https://twitter.com/edjmoya

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