EUR/USD Keeps Positions After Enourmous Growth Yesterday
EUR/USD continues to keep its position on the Forex market today after gaining 2.5% yesterday. The macroeconomics continued to hurt the U.S. markets and the dollar today, showing some really bad reports. EUR/USD is currently posting a moderate advance and is trading near 1.3395.
PPI decreased faster than the traders expected, losing 2.2% in November after posting -2.8% value in October. The median forecast for today’s report was at -2%.
Retail sales fell by 1.8% last month — slower than in October (-2.8%) and the forecast drop (-2%), but still a pretty bad result for the U.S. retail sector of the economy.
Business inventories declined by 0.4% in October following a September change by -0.6% (revised down from -0.2%) — below the forecast value (also -0.2%).
Tags: business inventories, PPI, retail sales
