EUR/USD Current price: 1.0731 The German ZEW Survey showed a modest improvement in Economic Sentiment. United States Retail Sales disappointed rising by just 0.1% in May. EUR/USD at risk of falling further, the year low at 1.0600 in sight. Wall Street posted nice gains on the first trading day of the week, helping its Asian and European counterparts remain afloat throughout the first half of Tuesday. Nevertheless, the USD managed to post modest gains across the FX board.
The US Dollar shed some ground after the release of United States data, as Retail Sales in the country rose a modest 0.1% in May, below the 0.2% expected. The April figure was downwardly revised to -0.2%, further weighing on the Greenback. Up next, the country will release Capacity Utilization and Industrial Production readings for May. The American afternoon will be filled with speeches from Federal Reserve officials.
Source: News Formal (newsformal.com)
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