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United States Retail Sales contracted by 0.6% MoM in July
Retail Sales in the United States decreased to $763.6 billion in July, a 0.6% decline compared to the previous month, the US Census Bureau reported on Friday. This print reversed the 0.2% expansion recorded in the previous month and came in below market expectations (+0.1%).
United States Retail Sales (YoY) fell from previous 6.7% to 5% in July
United States Retail Sales (YoY) fell from previous 6.7% to 5% in July
United States Retail Sales Control Group down to -0.4% in July from previous 0.5%
United States Retail Sales Control Group down to -0.4% in July from previous 0.5%
United States Retail Sales ex Autos (MoM) below forecasts (0.2%) in July: Actual (-0.3%)
United States Retail Sales ex Autos (MoM) below forecasts (0.2%) in July: Actual (-0.3%)
Canada Wholesale Sales (MoM) came in at 2.8%, above expectations (2.7%) in June
Canada Wholesale Sales (MoM) came in at 2.8%, above expectations (2.7%) in June
United States Retail Sales (MoM) came in at -0.6%, below expectations (0.1%) in July
United States Retail Sales (MoM) came in at -0.6%, below expectations (0.1%) in July
Canada Manufacturing Sales (MoM) above forecasts (-0.1%) in June: Actual (0.1%)
Canada Manufacturing Sales (MoM) above forecasts (-0.1%) in June: Actual (0.1%)
Federal Reserve: Communication reset at Jackson Hole – TD Securities
TD Securities’ Oscar Munoz argues that Chair Kevin Warsh’s communication strategy has undermined market confidence in the Federal Reserve’s inflation-fighting resolve.
Euro little changed against Pound Sterling as ECB, BoE outlooks stay in focus
EUR/GBP is little changed on Friday, extending the sideways pattern seen through most of the week as traders show a muted reaction to second-quarter Gross Domestic Product (GDP) data from both the Eurozone and the United Kingdom (UK). At the time of writing, the cross trades around 0.8543.
Australian Dollar regains momentum as hawkish RBA meets softer US inflation
AUD/USD rebounds on Friday and trades around 0.7080 at the time of writing, gaining 0.31% on the day after falling as low as 0.7044 on Thursday.
Swedish Krona: Undervalued SEK with constrained upside – Nordea
Nordea strategists remain constructive on the Swedish Krona (SEK), viewing it as undervalued and supported by robust domestic fundamentals and improving macro data.
US Dollar: Mixed data and higher yields shape outlook – Danske Bank
Danske Bank’s Danske Research Team notes that US July PPI came in slightly below expectations, with volatile trade and transport services dragging the headline lower while broader services stayed firm.
Swiss Franc: Strong growth may curb losses against Euro – Rabobank
Rabobank's Senior FX Strategist Jane Foley highlights Switzerland’s stronger-than-expected Q2 Gross Domestic Product (GDP) and resilient economy, yet notes EUR/CHF remains in a gentle uptrend since late May.