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📊US retail sales below forecasts

1:36 PM 15 June 2021

Retail sales in the US fell 1.3%

US retail sales data for May was released at 1:30 pm BST.  Report turned out to be weaker than expected  but it did not trigger any major moves on the markets. Highlights of the report:

• Headline: -1.3% MoM vs -0.8% MoM expected (0.0% MoM previous)

• Ex-autos: -0.8% MoM vs  0.2% MoM expected (-0.8% MoM previous)

EURUSD - initially currency pair rose after however sellers manage to quickly regain control and price is heading towards support at 1.2091 Source: xStation5

 

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