EURUSD: US Retail Sales

Dukascopy Bank Team Dukascopy Bank SA

The Greenback weakened against the Eurozone's single currency, following the US Retail Sales data release on Monday. The EUR/USD currency pair gained only three pips, or 0.02%, to continue going up afterwards.

The Census Bureau released two reports simultaneously, from which Retail Sales data came out better-than-expected, but Core Retail Sales came out in line with forecasts. However, data was more like positive, the US Dollar lost its strength, which can be explained with the fact, that Federal Reserve Bank of New York revealed lower-than-expected Empire State Manufacturing Index data, even though index above zero indicates positive result overall.

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Dukascopy Bank Team

Dukascopy Bank SA

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