US Retail Sales Data for July to Be Released Tonight, Expected to Grow by 0.1%

The US retail sales data for July will be released tonight at 20:30 (UTC+8). The market expects a month-on-month increase of 0.1% in retail sales, with core retail sales also anticipated to show moderate growth. This data will reflect the consumption willingness and purchasing power of American residents, serving as a key indicator for assessing whether the economy is on a soft landing path or facing a downturn. If the data significantly exceeds expectations, it may strengthen the narrative of economic resilience, boosting the dollar and dampening interest rate cut expectations; conversely, if the data falls far short of expectations, it could heighten recession concerns and further lift precious metals and risk-averse sentiment.

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