USD down after disappointing Retail Sales data
Retail and food services sales for June, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $442.0 billion, a decrease of 0.3% from the previous month, but up 1.4% above June 2014. Analysts were anticipating 0.2% rise. Total sales for the April 2015 through June 2015 period were up 1.7% from the same period a year ago. The April 2015 to May 2015 percent change was revised from +1.2% to +1.0%.
Core Retail Sales were down by 0.1%, also well below expected increase by 0.7%. Retail trade sales were down 0.3% from May 2015, but up 0.6% above last year. Food services and drinking places were up 7.7% from June 2014 and sporting goods, hobby, books and music were up 6.6% from last year. Gasoline stations were down 17.1% from the previous year.
After the data USD was pushed lower against its major rivals. Euro is currently being traded few points above 1.1060 level, Sterling is slightly above 1.56 handle, while Aussie is around 0.7460 area.
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