US headline retail sales fell 1.2% MoM, while core sales fell 1.8% MoM, the data for December
Weaker data could have been affected by the US government shutdown
Sales in a control group declined 1.7% MoM while the consensus had pointed to a 0.4% MoM increase, this series is taken into GDP calculations
PPI came in close to market expectations, the data for January
US dollar dips on the dismal retail sales, EURUSD approaches its crucial short-term resistance
The bag of data from the US came in below expectations, this is especially true when it comes retail sales. Source: Bloomberg
The EURUSD is surging on the grim retail sales. The pair is testing the key supply zone nearby 1.13. Source: xStation5
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