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
