RTTN:Dollar Mixed Ahead Of U.S. Retail Sales, PPI Data
(RTTNews) - The Commerce Department is set to release its retail sales report at 8:30 am ET. For May, economists estimate a 0.2 percent drop in retail sales and a 0.1 percent dip in retail sales that exclude autos. On the other hand, sales, excluding autos and gasoline, may have risen 0.4 percent.
Around the same time, the U.S. Labor Department is scheduled to release its report on the producer price index for May at 8:30 am ET. Economists expect the headline index for May to have declined by 0.6 percent but the core producer price index may have increased by 0.2 percent.
The US dollar showed mixed trading ahead of the report. While the greenback edged higher against the pound, it held steady versus the rest of majors. As of 8:25 am ET, the dollar was trading at 1.2535 against the euro, 0.9584 against the Swiss franc, 1.5540 against the pound and 79.70 against the yen.
