The EUR/USD turned down today, falling for the first session in eight, as US retail sales exceeded expectations. Truth be told, not all today’s reports were particularly good. Most notable negative indicator was the report that demonstrated a sharp increase of unemployment claims.
Retail sales were up 0.7% in November, a bit above analysts’ expectations and the revised 0.6% October reading. (Event A on the chart.)
Initial jobless claims jumped from 300k to 368k last week, beating the consensus experts’ estimate of 321k. (Event A on the chart.)
Import prices fell 0.6% in November, the same rate of decline as in October a somewhat smaller than predicted 0.7%. Exports prices ticked up 0.1% after falling 0.6% in the previous month. (Event A on the chart.)
Business inventories increased 0.7% October, with faster pace than in September (0.6%) and than was expected (0.4%). (Event B on the chart.)
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