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News in 60 Seconds

News in 60 Seconds: U.S. Retail Sales tank!

Rating: 1 votes, 5.00 average.
by , 06-11-2010 at 09:40 AM (1424 Views)
Biggest % gainers: USD/ZAR up 0.80%, USD/CHF on mild USD strength.

Biggest % losers: GBP/USD down 1%, GBP/JPY on GBP weakness and mild USD strength & on mild JPY strength.

GBP Manufacturing Production m/m worse -0.4% vs. 0.6% expected. Last time was revised lower to: 2.2% vs. 2.3%formerly.

GBP PPI Input m/m better at -0.6% vs. -0.9% expected. Last time was 0.5%.

USD Core Retail Sales m/m much worse at -1.1% vs. 0.1%. Last time was revised higher though to 0.6% vs. 0.4% formerly.

USD Retail Sales m/m much worse at -1.2% vs. 0.2% expected. Last time was revised upward to 0.6% from 0.4% formerly.

USD Preliminary University of Michigan Sentiment comes out at 9:55am EST today (because 10am would be wayyyyy too late...)

Gold $1,224
Oil $74.08

Sean Hyman
DailyFX Forum Moderator

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