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BREAKING: USD strengthens after downbeat retail sales data

1:36 PM 17 August 2021

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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