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BREAKING: US dollar strengthens after upbeat retail sales data

2:34 PM 16 November 2021

US retail sales data for October was released at 1:30 pm GMT.  Report turned out to be better than expected and caused some moves on the markets. Highlights of the report:

• Headline: 1.7% MoM vs 1.1% MoM expected (0.7% MoM previous)

• Ex-autos: 1.7% MoM vs 0.8% MoM expected (0.8% MoM previous)

EURUSD fell after today's data release and is heading towards support level at 1.1350. Source:xStation5  

 

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