The US retail sales rose 0.7% in the monthly reading for August, positively surprising the market, which expected a 0.8% drop after the 1.1% decline seen in July.
The retail sales excluding vehicles grew 1.8%, notably improving the estimated decrease of 0.2% and the fall of the previous month of 0.4%. August is the largest rise recorded by the indicator since last March.
The control of the retail sector rose 2.5%, surpassing the 0.1% forecast and the -1% previously, showing its highest increase in five months.
EUR / USD reaction
The dollar has strengthened with the data, causing the EUR/USD a drop of more than 10 pips that has led to new three-week lows at 1.1755. At time of writing, the pair is trading above 1.1756, shedding 0.52% on the day.
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