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US retail sales rise 0.6%, core +0.3% and upwards

The American consumer is on the move again: retail sales rose 0.6% and core sales 0.3% in August, slightly better than expected. Good news also come from revisions: both figures for July are now up 0.3%, so the general picture of Q2 looks better.

The US dollar is slightly stronger, but the moves are not significant at the moment.

The US was expected to report a rise by 0.3% and core retail sales by 0.2% in August. In July, sales remained flat and core sales rose by 0.1%, before revisions. Import prices, reported at the same time, were predicted to drop by 0.8% m/m.  Import prices are down 0.9%.

Before the publication, EUR/USD traded around 1.2930, GBP/USD around 1.6220 and USD/JPY at 107.25.

The euro and the pound have both stabilized, with the  latter rising on fresh polls showing a majority for the No  campaign on the Scotland referendum. However, other currencies were sliding against the might greenback.

Another important US figure awaits us today: the initial consumer sentiment number from the University of Michigan.

See how to trade the consumer sentiment with EUR/USD

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.