[INFINOX UPDATE] US Retail Sales beat forecasts, drives risk & USD positive: 16/09/2021

US Retail Sales unexpectedly jump in August

Headline Retail Sales came in much better than expected with a monthly increase of +0.7% in August. This is compared to the consensus forecasts that had been expecting a -0.7% decline. There was also a significant beat on the core Retail Sales (ex-autos) which increased by +1.8% (compared to -0.1% month on month decline expected).