1:30 PM · 17 October 2024

BREAKING: EURUSD ticks lower after Retail Sales and Claims data

01:30 PM BST, United States - Employment Data:

Initial Jobless Claims: Actual: 241K. Forecast 260K; Previous 258K;

01:30 PM BST, United States - Retail Sales Data for September:

Retail Sales: Actual: 0.4% MoM. Forecast 0.3% MoM; previous 0.1% MoM;
Core Retail Sales: Actual: 0.5% MoM. Forecast 0.1% MoM; previous 0.1% MoM;

Source: XTB

Strong retail sales data come to the fore and reduce the chances of a quick interest rate cut in the US, hence the EURUSD pair's drop immediately after the data reading.

Source: xStation

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