Forex news for August 13, 2015:
– US business inventories up 0.8% compared to 0.3% expected
– Gold down $9 to $1115
– WTI crude down $1.12 to $42.17
– S&P 500 down 3 points to 2083
Retail sales were the economic highlight but they weren’t good enough to keep a US dollar rally going. EUR/USD fell after the report and hit a session low at 1.1080 but that was the bottom for the day and it was a steady climb to 1.1154 from there.
