The US dollar gained versus the euro for the most part of the daily trading session today. The EUR/USD drop deepened when the biggest part of the US data was out despite the fact that it was not that great. The recovery began soon after, but stalled after the remaining fundamental indicator had been released.
Initial jobless claims were at 274k last week, up from 269k of the previous week and slightly above the forecast value of 270k claims. (Event A on the chart.)
Retail sales added 0.6% in July following 0.3% drop a month earlier. The growth was the same as had been anticipated by traders. (Event A on the chart.)
Import prices fell by 0.9% in July after going down by 0.1% in June. The reported decline was still better than the forecasted 1.2% drop. (Event A on the chart.)
Business inventories increased by 0.8% in June — faster than both the median forecast and May’s growth (0.3%). (Event B on the chart.)
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