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BREAKING: US retail sales well below forecasts

1:37 PM 16 March 2021

US retail sales data for February was released at 12:30 pm GMT.  Report turned out to be weaker than expected  but it did not trigger any major moves on the markets. Highlights of the report:

•    Headline: -3.0% MoM vs -0.5% MoM expected (5.3% MoM previous - revised to 7.6%)

•    Ex-autos:  -2.7% MoM vs -0.1% MoM expected (5.9% MoM previous - revised to 8.5%)

It is the biggest decline since a record drop in April of 2020. Source: Macrobond, XTB

EURUSD  bounced off the 1.1952 resistance after  today's data releases and is heading towards  support level at 1.1905. Source:xStation5  

 

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