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EUR/USD hits session low after US December Retail Sales beat forecasts
The December US retail sales data has just been released. US sales in December rose by 0.6% compared to a gain in November of 0.3%. The markets had anticipated a rise of 0.4% last month. The dollar has jumped on this news and the other components of the report have underpinned that move too. The control group and core sales were well above estimates. The EUR/USD has just fallen to a fresh session low at 1.0851 and the USD/JPY has jumped to test the 148 handle. All the US equity futures are lower on this news too. The EUR/USD is currently trading at 1.0855
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