US Retail Sales rises unexpected

Positive news for the world biggest economy comes today with the release of Initial Claims and Retail Sales. The Initial Claims for the prior week are 623K almost like the expectations while the Retail Sales rises to 1.0% with a forecast of -0.8%. The better than expected Retail Sales will encourage the investors to buy risky assets predict George Marshal by In this situation the chances for euro-dollar to fall below 1.27 are minimal. The dollar may trade at the levels up to 1.30 and above till the end of this business week. Currently euro-dollar was support at the level of 1.2796, as the break below this level will turn the tendency for weak dollar today. During the first minutes after the key Retail Sales and Initial Claims reports the dollar was selling but still there is not clear trend.

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