Market Overview

USD gets US Retail Sales boost

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Customer demand improved in 11 of the 13 U.S. industry categories. The overall figure increase by 1.1 percent from the previous month, and a significant 6.5 percent from the same month last year. Building materials and gasoline stations had double digit increases (13.8% and 10.3% respectively).

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Compared to February 2011 the retail sales report from the U.S. Census Bureau showed growth in all areas, which can signal a recovery that has been hinted in other economic indicator releases.

You can find the full report here: U.S. Census Bureau Retail Trade Report

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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Forex

 

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