WS #14075
July retail sales fell 0.6% vs +0.1% expected, and UMich sentiment dropped to 51, reinforcing Fed hold bets and pressuring the dollar while supporting gold.
Weak US retail sales and Fed rate hold expectations
July retail sales fell 0.6% vs +0.1% expected, and UMich sentiment dropped to 51, reinforcing Fed hold bets and pressuring the dollar while supporting gold.