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It was a fail with key inflation, retail sales ans consumer sentiment all missing consensus expectations. The only bright spot was industrial production and capacity utilization. The USD fell around 100 pips against the yen, pound, Euro and Australian dollar.

A big data day for the U.S. economy coupled with big bank earnings. It was a fail with key inflation, retail sales ans consumer sentiment all missing consensus expectations. The only bright spot was industrial production and capacity utilization. The USD fell around 100 pips against the yen, pound, Euro and Australian dollar.

US June CPI +1.6% y/y vs +1.7% y/y expected, Prior +1.9%
US June retail sales -0.2% vs +0.1% m/m expected, Prior -0.1% (Revised up from -0.3%)
US June industrial production +0.4% vs +0.3% exp, Prior 0.0% (revised to +0.1%)
US May  business inventories 0.3% vs 0.3% last month
University of Michigan July preliminary consumer sentiment 93.1 vs 95.0 expected, Prior 95.1

From The TradersCommunity News Desk

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