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BREAKING: US retail sales well above forecasts

2:33 PM 16 February 2022

US retail sales data for January was released at 1:30 pm GMT.  Report turned out to be better than expected but did not trigger any major moves on the markets. Highlights of the report:

• Headline: 3.8% MoM vs 2.0% MoM expected (-1.9% MoM previous)

• Ex-autos: 3.3% MoM vs 0.8% MoM expected (-2.8% MoM previous)

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1365 level. Source: xStation5

 

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