• Retail Sales in the US stayed unchanged on a monthly basis in July.
• US Dollar Index continues to push higher toward 107.00.

Retail Sales in the US stayed virtually unchanged at $682.8 billion in July, the data published by the US Census Bureau showed on Wednesday. This reading followed June’s increase of 0.8% and came in slightly weaker than the market expectation of +0.1%.

“Total sales for the May 2022 through July 2022 period were up 9.2% from the same period a year ago,” the publication further read. “The May 2022 to June 2022 percent change was revised from up 1.0% to up 0.8%.”

Market reaction 

The greenback continues to outperform its rivals after this data with the US Dollar Index rising nearly 0.4% on the day at 106.87.