U.S. retail sales likely to have risen in September

U.S. retail sales data for the month of September is set to be released next week. According to a TD Economics research report, the retail sales are likely to have risen 0.9 percent, reflecting a solid boost from auto sales.

Hurricane Florence might also lift certain categories such as building materials this month in line with past disaster episodes. This effect, along with sound labor market fundamentals, indicate towards a 0.5 percent rise in core sales with upside risk.

“The report would also underpin Q3 real PCE above 3 percent”, added TD Economics.

At 19:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was slightly bearish at -67.612. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex