Retail Sales Dip without Cash for Clunkers
Economic data out of the U.S.
September retail sales data is in for the United States, and it appears as though there has been an overall decrease. However, it is worth noting that, if auto sales are taken out of the picture, forex trading, euro forex trading, U.S. dollar, economy, economic data, forex, greenback”>retail sales were actually up.
Clearly, Cash for Clunkers had a great deal to do with how well retail sales did overall in August. Without the program, it appears that auto dealers are suffering a bit. However, the news that retail sales without autos are up. It means that other consumer spending may be on the rise.
The news hasn’t done much in the way of helping the U.S. dollar, however. forex trading, euro forex trading, U.S. dollar, economy, economic data, forex, greenback”>Yesterday the euro moved higher, and it appears that today will continue the rally for the euro in forex trading against the greenback.
See Also
- Economic Data and the U.S. Dollar
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