Macro Trades: EUR/USD
|EUR/USD: US Retail Sales
The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate lost 10 pips or 0.09% right after the release. The Euro continued trading at the 1.1085 level against the Greenback.
Census Bureau released the US Retail Sales data, which came out better-than-expected of 0.4% compared with the forecast of 0.2%.
According to the official release: "Retail trade sales were up 0.6 percent (±0.5 percent) from June 2019, and 4.6 percent (±0.7 percent) above last year. Nonstore retailers were up 16.0 percent (±1.4 percent) from August 2018, and motor vehicles and parts dealers were up 6.8 percent (±1.9 percent) from last year."
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