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BREAKING: USD strengthens slightly after retail sales data

1:33 PM 17 May 2022

US retail sales data for April was released at 1:30 pm BST.  Report came in line with expectations and did not trigger any major moves on the markets. Highlights of the report:

• Headline: 0.9% MoM vs 0.9% MoM expected (0.7% MoM previous)

• Ex-autos: 0.6% MoM vs 0.4% MoM expected (1.4% MoM previous)

EURUSD saw relatively small reaction to today’s data inflation release. The most popular currency fell slightly to 1.0530 level. Source: xStation5

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