Back
15 Jan 2015
Session Recap: USD on the defensive as Americans did not buy enough for Christmas
FXStreet (San Francisco) - The US dollar traded lower on Wednesday as investors bet against the greenback after a disappointed retail sales in December. Three out of the four biggest losers of the day were USD crosses related, even the Ruble outperformed the USD.
US retail sales declined 0.9% in December, well below 0.1% decline expected. Even worst, November data was revised down to a growth of 0.4% from 0.7%.
The EUR/USD rose 0.08% to 1.1781; the GBP/USD was the top performer with 0.44% gains to 1.5225; the USD/JPY fell 0.47% to 117.35.
Overall, top performers were the mentioned GBPUSD; followed by the USDKRW, +0.44% to 1,081.77 and the GBP/CHF, 0.39% to 1.5516. Top losers were USD/NOK, -1.70% to 7.6217; EUR/NOK, -1.62% to 8.9810; and USD/RUB, 1.38% to 64.404.
US retail sales declined 0.9% in December, well below 0.1% decline expected. Even worst, November data was revised down to a growth of 0.4% from 0.7%.
The EUR/USD rose 0.08% to 1.1781; the GBP/USD was the top performer with 0.44% gains to 1.5225; the USD/JPY fell 0.47% to 117.35.
Overall, top performers were the mentioned GBPUSD; followed by the USDKRW, +0.44% to 1,081.77 and the GBP/CHF, 0.39% to 1.5516. Top losers were USD/NOK, -1.70% to 7.6217; EUR/NOK, -1.62% to 8.9810; and USD/RUB, 1.38% to 64.404.