US Retail Sales rose 0.7% in September vs. 0.3% anticipated

• US Retail Sales rise by 0.7% in September.
• Core sales increase by 0.6% and Control Group Sales 0.6%. 
• US Dollar gains momentum after the data. 

Retail Sales in the US rose 0.7% on a monthly basis in September to $704.9 billion, the data published by US Census Bureau showed on Tuesday. This reading followed the 0.8% (revised from 0.6%) increase recorded in August and came in better than the market expectation of 0.3%. 

Retail Sales Ex-Autos rose 0.6% in the same period, compared to analysts' estimate of 0.2%, while Retail Sales Control Group increased 0.6%.

Market reaction

The US Dollar gathered strength against its rivals. The US Dollar Index (DXY) rebounded from 106.15 and climbed to 106.40, approaching daily highs. The next US economic report is September Industrial Production at 13:15 GMT.