Will US retail sales add juice to the dollar’s rally? – Preview
US retail sales will hit the markets at 12:30 GMT Monday
Early Easter holiday likely boosted consumer spending
Another solid dataset could put more wind in the dollar’s sails
US economy outperformsBy most indications, the US economy finished the first quarter on a high note. Incoming data point to a robust labor market, which has helped bolster consumer demand and in the process, reignited inflationary pressures. The Atlanta Fed estimates real economic growth hit an annualized pace of 2.4% in the first quarter, something reaffirmed by incoming business surveys. Heavy government spending and a surge in population growth amid an influx of immigration appear to be the driving forces behind this economic resilience.
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