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Release Explanation: Measures the value of Sales at the Retail level. It is a very important set of figures that make up a large percentage of consumer spending numbers. Retail sales are the measure of the total sales of goods and services by retail stores.
TheLFB-Forex.com Trade Desk Thoughts: Swiss retail rose more than expected in March from one year ago, by 1.2% compared with the -2.2% expected. At the same time, retail sales rose 1.7% from the previous month, February. Over the last few months, retail sales have risen strongly, but this trend may reverse, in-line with the fatigue seen in the economy.
Forex Technical Reaction: The swissy gained 50 pips during the overnight session, but it is still trading within the range of the previous day of trading.
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