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Dollar Steady Ahead Of US Retail Sales, Empire Manufacturing Survey Data

Retail sales of food and retail companies with one or more establishments that sell merchandise and associated services to final consumers are slated to be released at 8:30 am ET. For March, economists estimate a 0.3 percent increase in retail sales and a 0.6 percent increase in retail sales that exclude autos. Sales, excluding autos and gasoline, may have risen 0.5 percent.

The results of the New York Federal Reserve's empire state manufacturing survey, which elicits response from 200 manufacturing executives in New York state, is slated to be released at 8:30 am ET. The headline general business conditions index for April is expected to come in at 18.

The US dollar held steady against its major counterparts ahead of the data. As of 8:25 am ET, the greenback was trading at 1.5825 against the pound, 0.9235 versus the Swiss franc, 1.3023 against the euro and 80.75 against the yen.

by RTTNews Staff Writer

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