EUR/USD Euro listless at start of week, U.S retail sales next

| March 11, 2019

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EUR/USD is showing little movement at the start of the week. In the Monday session, the pair is trading at 1.1241, up 0.06% on the day. On the release front, there are no major eurozone events. German industrial production posted a fourth straight decline. The reading of -0.8% missed the forecast of 0.5%. In the U.S., core retail sales are expected to gain 0.4%, after a decline of 1.8% a month earlier. Retail sales is projected to improve to 0.0%, after dropping 1.2% in the previous release. On Tuesday, the U.S. releases CPI data. The U.S. dollar was broadly lower on Friday, after a surprisingly low reading from nonfarm payrolls. The indicator showed that the economy eked out just 20 thousand jobs, much worse than the forecast of 180 thousand. On a brighter note, wage growth improved to 0.4%, above the estimate of 0.3%. The soft nonfarm payrolls reading pushed the euro slightly higher to end the week.

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