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At 14:30 (GMT+2), the US will release April retail sales data, which measures the volume of all goods sold by retailers across a sample of stores of different types and sizes — a key indicator of consumer spending that has a significant impact on gross domestic product (GDP). It is expected to stabilise at around 0.5% MoM, while the underlying rate is projected to ease from 0.7% to 0.5%, which may put pressure on the US dollar.
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