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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / Euro growth was restricted by American statistic. Overview on 15.07.2016
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Euro growth was restricted by American statistic. Overview on 15.07.2016

At day of Friday, main currency pair is traded with increase, but enthusiasm of buyers is decreased along with publication of statistic data from USA. Euro/US Dollar rose three session in a row, but today in the second mid of day, purchases volume decreased and the pair itself "brakes" near 1.115. Investors estimate published US statistic that is quite interesting.

Inflation in USA during June rose by 0.2% m/m against forecast of consolidation on symbolic 0.3%m/m. In yearly comparison index of consumer prices consolidated on 1.0% while expected 1.1% y/y. In base value American inflation increased on 2.3% y/y. Increase of consumer prices was smaller that expected and that have pressured on US Dollar in momentum. Inflation pressure is kept uneven and stil far away from target 2%.

But the most interesting happened later. Retail selling in USA in last month strengthened by 0.6% m/m while expected only 0.1% m/m. From year to year indicator rose up by 2.7%. At the same time, broadening of volume of retail selling balanced tone in currency market. It is understood, that weakness of inflation report will not overlap it, more over increase in retail selling was during season of consumer activity - vacations and holidays. But signal is seem to be positive, especially if it is not "ruined" by other nuances.

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