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At 13:30 GMT on Wednesday, the publication of the US Retail Sales caused a drop of the USD value.
The EUR/USD surged 13 base points or 0.12% in the first five minutes after the data release.
Retail sales had increased in November by 0.3%, compared to the forecast of 0.8%. Meanwhile, Core Retail Sales also came in at 0.3% instead of a forecast of 0.9%.
Wed, 15 Dec 2021 13:40:24 GMT
Source: Dukascopy Bank SA
At 13:30 GMT on Wednesday, the publication of the US Retail Sales caused a drop of the USD value.
The EUR/USD surged 13 base points or 0.12% in the first five minutes after the data release.
Retail sales had increased in November by 0.3%, compared to the forecast of 0.8%. Meanwhile, Core Retail Sales also came in at 0.3% instead of a forecast of 0.9%.