EUR/USD was moving sideways in a range today. US retail sales came out better than expected, but the currency pair shrugged off the news.
Retail sales rose 0.2% in January, whereas market participants had expected no growth. The decline in December was revised from 1.2% to 1.6%. (Event A on the chart.)
Business inventories expanded 0.6% in December, matching analysts’ forecasts exactly, after demonstrating no change in the prior month. (Event B on the chart.)
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