The US Dollar (USD) remains under pressure in the early American session on Tuesday. At the time of press, the USD Index was down 0.2% on the day at 99.97.
With the US Government open again after a 43-day shutdown, federal agencies are scrambling through a backlog of data to deliver a stream of delayed macroeconomic releases. The focus today is on September's US Retail Sales report.
The latest reference, released more than two months ago, showed a strong increase in retail consumption, with a 0.6% monthly gain beating market expectations and easing concerns about the deterioration of the labour market. Likewise, the core Retail Sales grew at a larger-than-expected 0.7% rate.
The US Census Bureau will release the United States (US) Retail Sales for September on Tuesday, at 13:30 GMT. Retail consumption, a key measure of consumer spending, is expected to have moderated its growth to 0.4%, following August's 0.6% increase. In the same line, Retail Sales excluding autos are seen growing at a 0.4% monthly pace, down from 0.7% in the previous month.
Source: Fxstreet
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