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US retail sales unchanged in July

US retail sales held steady at a seasonally adjusted $457.73 billion in July, the Commerce Department said Friday. This was below expectations of a 0.4% rise.

Sales climbed 0.8% in June, revised up from an initial estimate of 0.6% increase. From a year earlier, total retail sales rose 2.3%.     

Excluding autos, retail sales last month fell 0.3%, versus a 0.2% growth expected.

United States Retail control below forecasts (0.3%) in July: Actual (0%)

United States Retail control below forecasts (0.3%) in July: Actual (0%)
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USD selling might only be a summer trade - MUFG

Derek Halpenny, European Head of GMR at MUFG, notes that the US dollar is back under selling pressure as investors search for yield in quiet summer tr
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