Core Retail Sales measures the change in the total value of sales at the retail level in the USA, excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the US economy. A higher than expected reading should be taken as positive/bullish for USD, while a lower than expected reading should be taken as negative/bearish for USD. In April, the core index is expected to decline from 1.2% to 0.7%, while total sales will fall from 1.6% to 0.2%.
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