The European Common Currency appreciated against the US Dollar, following the US Retail Sales data release on Wednesday at 12:30 GMT. The EUR/USD exchange currency rate gained 19 pips or 0.17% right after the release. The Euro continued trading at the 1.1040 level against the Canadian Dollar.
Census Bureau released the US Retail Sales data, which came out worse-than-expected of negative of 0.3% compared with the forecast of 0.3%.
The US Retail Sales unexpectedly declined at the first time in seven months. According to analysts, this decline might indicate consumers’ uncertainty about economic growth.
