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US retail sales rise 0.3% in January

US retail sales rise 0.3% in January

Retail sales in the United States saw a rise in line with forecasts in January, buoyed by higher spending on food and furniture.

The volume of retail sales soared 0.3 percent last month, while the previous reading was 0.3 percent was revised down to 0.2 percent increase.

Core retail sales also edged up 0.3 percent from a downwardly revised of 0.6 percent soar. That also matched analysts' forecasts. .

Another report from the U.S. showed that import prices stalled in January, following a 0.2 percent surge a month earlier.

The dollar index traded slightly lower 98.94, after hitting a peak of 99.03, set for its sixth weekly from seven, as of 13:50 GMT.

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