BREAKING: EURUSD ticks lower after the release of US retail sales data

New US retail sales data for October just released:

• Core Retail Sales (MoM) (Oct): Actual: 0.1%. Forecast 0.5% vs previous 0.3%
• Retail Sales (MoM) (Oct): Actual: 0.4%. Forecast 0.3% vs previous 0.3%
• NY Empire State Manufacturing Index (Nov): Actual: 31.2. Forecast -0.70 vs previous-11.90
• Export Price Index (MoM) (Oct): Actual: 0.8%. Forecast -0.1% vs previous -0.7%
• Import Price Index (MoM) (Oct): Actual: 0.3%. Forecast -0.1% vs previous -0.4%

Interestingly, last month's data was revised sharply upward, triggering a demand reaction on the dollar.

Source: Bloomberg Financial LP

 

The EURUSD pair is losing ground after reading slightly better US retail sales data. Moreover, the NY Empire State data also surprised noticeably higher

Source: xStation