EUR/USD: US Retail Sales

The European Common Currency depreciated against the US Dollar, following the US Retail Sales data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 12 pips or 0.11% right after the release. The Euro continued trading at the 1.1138 level against the Greenback.

Census Bureau released the US Retail Sales data, which came out better-than-expected of 1.0% compared with the forecast of 0.4%.

The US Retail Sales got higher on an increase in online purchases. Consistent growth in retail sales indicate that Americans, sustained by plentiful jobs an wages, are still spending. This might be a positive signal as the escalating US-China trade war weigh global economic outlook.

EURUSD

 

AUD/USD: Australian Employment Data Set

The Australian Dollar appreciated against the US Dollar, following the Australian Employment data set releases on Thursday at 01:30 GMT. The AUD/USD exchange currency rate gained 26 pips or 0.39% right after the release. The Aussie continued trading at the 0.6780 level against the Greenback.

The Australian Bureau of Statistics released the Australian Employment Change data, which came out better-than-expected of 41.1K compared with the forecast of 14.2K.

Note, that the Reserve Bank of Australia is monitoring developments in the Australian labour market closely to make appropriate monetary policy decisions. Thus, it is likely, that an aggressive cur rate could be postponed.

AUDUSD

 

GBP/USD: UK Retail Sales

The British Pound traded sideways against the US Dollar, following the UK Retail Sales data release on Thursday at 08:30 GMT. The GBP/USD exchange currency rate gained 8 pips or 0.07% right after the release. The British Pound continued trading at the 1.2085 level against the Greenback.

The Office for National Statistics released the UK Retail Sales data, which came out better-than-expected of 0.2% compared with the forecast of negative 0.3%.

According to the official release: "Non-store retailing was the largest positive contributor on the month, with the amount spent and quantity bought contributing 0.6 and 0.7 percentage points respectively. In contrast, non-food stores were the largest negative contributor in July 2019, with the amount spent and quantity bought both at negative 0.6 percentage points."

GBPUSD

 

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.

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