Macro Trades: EUR/USD

Dukascopy Bank Team Dukascopy Bank SA

EUR/USD: US Retail Sales

The European Common Currency depreciated against the US Dollar, following the US Retail Sates data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate lost 19 pips or 0.17% right after the release. The Euro continued trading at the 1.1235 level against the Greenback.

Census Bureau released the US Retail Sales data, which came out worse-than-expected of 0.5% compared with forecast 0.7%.

According to the official release: "Retail trade sales were up 0.5 percent (±0.5 percent)* from April 2019, and 3.1 percent (±0.7 percent) above last year. Nonstore retailers were up 11.4 percent (±1.4 percent) from May 2018, while sporting goods, hobby, musical instrument, and book stores were down 4.2 percent (±2.5 percent) from last year."

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Dukascopy Bank Team

Dukascopy Bank SA

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