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The Greenback strengthened against the European Single Currency, following the United States Retail Sales release on Wednesday at 12:30 GMT. The EUR/USD currency pair lost 6 pips, or 0.06%. The change is insignificant and did not affect seriously the whole image of the main currency pair.
The Census Bureau released Retail Sales data that came better-than-expected of 0.5% to forecasted 0.1%. The data represents a good sign for the Greenback, as well as an increase of total value of sales at the retail level.
Michael Feroli, an economist at JPMorgan Chase said: "It gives us comfort that consumers are nowhere near to being as overstretched as they were in the years heading into the Great Recession".
| Historical Data Table: Retail Sales m/m | Economic Calendar for 17.08.2018 | ||||||||
| Date | 14.03.2018 | 16.04.2018 | 15.05.2018 | 16.07.2018 | 15.08.2018 | 12:30 PM | CA CPI m/m |
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| Actual | -0.10% | 0.60% | 0.30% | 0.50% | 0.50% | 2:30 PM | US Prelim UoM Consumer Sentiment | ||
| Forecast | 0.30% | 0.40% | 0.40% | 0.40% | 0.10% | 2:30 PM | US Prelim UoM Inflation Expectations | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.72261 | 0.72223 | -0.05% | AUD/USD | 53.23% | 46.77% | |||
| EUR/USD | 1.13241 | 1.13211 | -0.03% | EUR/USD | 67.46% | 32.54% | |||
| USD/JPY | 110.998 | 111.058 | 0.05% | USD/JPY | 44.99% | 55.01% | |||
| NZD/USD | 0.65544 | 0.65548 | 0.01% | NZD/USD | 59.54% | 40.46% | |||