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."
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.