On Friday, weak retail sales brought the chances of a September rate hike down to virtually zero. Retail sales came up short its forecast as core sales were reported down -0.30%. In reaction to Friday’s US data, the Greenback fell against all the major currencies. Americans consume more than any nation in the world and reports of a slowdown are a major red flag about the state of the American economy. US Retail Sales in July were expected to rise 0.40%.
Ground Gained on Bullish Payrolls Lost
Weekly Report - 15/08/2016