1:36 PM · 17 August 2021

BREAKING: USD strengthens after downbeat retail sales data

US retail sales data for July was released at 1:30 pm BST. Report turned out to be weaker than expected and trigger some moves on the markets. Highlights of the report:

• Headline: -1.1% MoM vs -0.2% MoM expected (0.7% MoM previous)

• Ex-autos: -0.4% MoM vs 0.2% MoM expected (1.6% MoM previous)

EURUSD broke below the lower limit of the triangle formation after today's data releases and is heading towards next support level at 1.1752. Source:xStation5

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