CoinWorld News reports that due to the government shutdown, the delayed US November retail sales data will be released tonight. The market expects a slight increase of 0.4% in November sales, compared to 0% recorded in October. Although the retail sales report is a key indicator of consumer spending and demand, the delay in release has reduced its potential impact on the dollar. However, some institutions predict that the difference between actual retail sales data and expectations will still have a decisive influence on the dollar's movement. If the report results are far below expectations, it could put pressure on the dollar; whereas if the data significantly exceeds expectations, it should boost the dollar. Overall, this reaction may only last in the short term, as investors' attention remains elsewhere.
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CoinWorld News reports that due to the government shutdown, the delayed US November retail sales data will be released tonight. The market expects a slight increase of 0.4% in November sales, compared to 0% recorded in October. Although the retail sales report is a key indicator of consumer spending and demand, the delay in release has reduced its potential impact on the dollar. However, some institutions predict that the difference between actual retail sales data and expectations will still have a decisive influence on the dollar's movement. If the report results are far below expectations, it could put pressure on the dollar; whereas if the data significantly exceeds expectations, it should boost the dollar. Overall, this reaction may only last in the short term, as investors' attention remains elsewhere.