The Euro declined against the US Dollar, following the US Retail Sales data release on Wednesday at 12:30 GMT. The EUR/USD exchange currency rate lost 28 pips or 0.23% after the release. However, afterwards the Euro returned to trading at the 1.1865 level against the Greenback after the release.
Census Bureau released the US Core Retail Sales data, which came out worse-than-expected of 0.7% compared with the forecast of 1.0%.
It is likely that the US consumers spent less in August as extended unemployment benefits were cut for millions of Americans. Also, the data might indicate that the economic recovery from the coronavirus crisis is faltering.
Date | 15.05.20 | 16.06.20 | 16.07.20 | 14.08.20 | 16.09.20 |
---|---|---|---|---|---|
Actual | -17.2% | 12.4% | 7.3% | 1.9% | 0.7% |
Forecast | -8.6% | 5.5% | 5.0% | 1.3% | 1.0% |
Pair | Open | Close | Change |
---|---|---|---|
AUD/USD | 0.73391 | 0.73332 | -0.08% |
EUR/USD | 1.18737 | 1.18706 | -0.03% |
NZD/USD | 0.67534 | 0.67487 | -0.07% |
USD/JPY | 105.051 | 104.983 | -0.06% |
Pair | Longs | Shorts |
---|---|---|
AUD/USD | 25.1% | 74.9% |
EUR/USD | 44.9% | 55.1% |
NZD/USD | 27.6% | 72.4% |
USD/JPY | 45.9% | 54.1% |
Economic calendar