US Retail Sales rose 0.1%
Consumers in the U.S. tempered purchases at retailers in September, pocketing the savings from lower fuel costs and making for a weak finish to the third quarter. The 0.1% gain followed little change in the prior month that was weaker than previously reported, Commerce Department figures showed Wednesday in Washington. The median forecast called for a 0.2% advance. More than half of merchant categories showed decreases.
Sluggish sales may raise concern about whether the staying power of consumer spending, which accounts for about 70 percent of the economy, at a time overseas demand is also cooling. While job gains and cheap fuel may help to underpin purchases, a pickup in wages remains elusive as Federal Reserve policy makers are weighing whether to raise interest rates this year.
After the data USD fell against its major rivals. Euro is currently being traded few points above 1.1440 level, Sterling is above 1.54 handle, while Aussie is around 0.7280 area.
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