Highlights of the October US retail sales report:
- Prior reading was -0.3%
- Ex-autos +0.3% vs +0.2% exp
- Ex-autos and gas +0.6% vs +0.4% exp
- Control group +0.5% vs +0.4% exp
- Gasoline sales -1.5%
- Ex-gasoline +0.5% vs -0.2% prior
This is a slightly-better-than-expected report all around. The US dollar rose to fresh session highs afterwards with USD/JPY climbing 30 pips to 116.80 — a 5-year high.