The European Single Currency depreciated against the US Dollar, following the US Retail Sales data release on Monday at 12:30 GMT. The EUR/USD exchange currency rate lost 6 pips or 0.05% during a minute, right after the release. The European Single Currency kept going upwards after the data release to continue trading at the 1.1625 area.
The Census Bureau released US Retail Sales data that came out lower-than-expected of 0.1% compared with forecasted 0.7%.
Ellen Zentner, chief U.S. economist at Morgan Stanley in New York said: "Retail sales for food services and drinking places may have been impacted by the hurricane in September, as consumer confidence remained solid during the month, which in our view suggests underlying consumer demand should remain intact,".
| Historical Data Table: Retail Sales m/m | Economic Calendar for 16.10.2018 | ||||||||
| Date | 15.05.2018 | 16.07.2018 | 15.08.2018 | 14.09.2018 | 15.10.2018 | 8:30 AM | GBP Average Earnings Index 3m/y | ||
| Actual | 0.30% | 0.50% | 0.50% | 0.10% | 0.10% | 12:30 PM | CAD Foreign Securities Purchases | ||
| Forecast | 0.40% | 0.40% | 0.10% | 0.40% | 0.70% | 13:15 PM | GBP MPC Member Cunliffe Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.71355 | 0.71386 | 0.04% | AUD/USD | 70.03% | 29.97% | |||
| EUR/USD | 1.15909 | 1.15882 | -0.02% | EUR/USD | 59.09% | 40.91% | |||
| USD/JPY | 111.908 | 111.84 | -0.06% | USD/JPY | 40.89% | 59.11% | |||
| NZD/USD | 0.65345 | 0.65372 | 0.04% | NZD/USD | 58.71% | 41.29% | |||