US Retail Sales unexpectedly rise to an 8-month high

Friday, 14 October 2011 04:08

United States reports news on a positive note, as Retail Sales beat economists' forecast figure of 0.5% by being released unexpectedly higher at 1.1%.  Retail Sales for September were marked the ighest since the month of February in 2011; after a mere 0.3% in August.

U.S Imported Price Index also rose, by 0.3%; much higher than the expected deficit of 0.3%.

The U.S Dollar didn't see extreme action against the Euro after the news release.  The pair was trading around 1.3816 in time of the report, only to fall by 20 pips or so in the next half hour; down to 1.3792.