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BREAKING: USD muted after downbeat retail sales data

2:33 PM 15 December 2021

US retail sales data for November was released at 1:30 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: 0.3% MoM vs 0.8% MoM expected (1.7% MoM previous)

• Ex-autos: 0.3% MoM vs 0.9% MoM expected (1.7% MoM previous)

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1260 level. Source: xStation5

 

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