EUR/USD: US Retail Sales

The European Common Currency depreciated against the US Dollar, following the US Retail Sales data release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate lost 13 pips or 0.11% right after the release. The Euro continued trading at the 1.1215 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 0.1%.

According to the Commerce Department, last month households increased purchases of motor vechicles and a range of other goods. This advance indicates strong consumer spending, which could contibute to the US economy.