{"id":3332,"date":"2009-08-13T13:34:26","date_gmt":"2009-08-13T18:34:26","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=3332"},"modified":"2009-08-13T13:34:26","modified_gmt":"2009-08-13T18:34:26","slug":"us-retail-sales-fall-jobless-claims-rise-us-dollar-declines-in-forex-trading","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/08\/13\/us-retail-sales-fall-jobless-claims-rise-us-dollar-declines-in-forex-trading\/","title":{"rendered":"US Retail Sales fall, Jobless Claims rise. US Dollar declines in Forex Trading."},"content":{"rendered":"<p><strong>By CountingPips.com<\/strong><\/p>\n<p>U.S. Retail Sales fell in July after increasing for two straight months according to a report by the U.S. Commerce Department released today. Advance estimates of July retail sales showed that sales fell by 0.1 percent to $342.3 billion following a revised 0.8 percent <a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/08\/250150ShoppingCart.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-3335\" title=\"250150ShoppingCart\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/08\/250150ShoppingCart.gif\" alt=\"250150ShoppingCart\" width=\"250\" height=\"150\" \/><\/a>increase in June. On an annual basis, retail sales are 8.3 percent below the July 2008 level after a June annual decline of 8.9 percent. Today\u2019s data was worse than the market forecasts were expecting at an approximately 0.8 percent monthly sales gain.<\/p>\n<p>Retail sales, minus automobiles, decreased by 0.6 percent in July after a revised 0.5 percent revised gain in June. This data also fell below expectations of a 0.1 percent gain for the month. On an annual basis, sales minus autos is 8.5 percent lower than the July 2008 level following June\u2019s annual decline of 7.8 percent.<\/p>\n<p>Contributing to July\u2019s decreased retail sales were declines in gasoline station sales and building material &amp; garden eq. &amp; supplies dealers with declines of 2.1 percent each. Also contibuting to the decline in retail sales for July was a 0.9 percent decrease in furniture &amp; home furnishings stores, a 1.4 percent fall in electronics &amp; appliance stores and a 1.4 percent decrease in sporting goods, hobby, book &amp; music stores. The largest positive contributor to the retail sales data was a 2.4 percent increase in motor vehicle &amp; parts dealers.<\/p>\n<p><strong>Weekly Jobless Claims rise.<\/strong><\/p>\n<p>A separate government release by the U.S. Labor Department showed that weekly U.S. jobless claims increased in the week that ended on August 8th. New jobless claims grew to a total of 558,000 unemployed workers, an increase over the prior week by 4,000 workers. A 4-week moving average of unemployed workers rose by 8,500 from the prior week to a total of 565,000.<\/p>\n<p>Meanwhile, workers seeking continuing claims for unemployment benefits for the week ending August 1st fell by 141,000 workers to a total of 6,202,000 unemployed workers. A four week moving average of continuing claims declined by 27,750 to 6,259,250.<\/p>\n<p><strong>Dollar is lower in Fx Trade Today.<\/strong><\/p>\n<p>The U.S. dollar has been lower today against the other major currencies in forex trading for the second day in a row.\u00a0 The dollar has been weaker versus the euro, British pound, Australian dollar, Japanese yen, Swiss franc and New Zealand dollar while trading almost unchanged versus the Canadian dollar at 2:18 pm ET in the US trading session.<\/p>\n<p><strong>EUR\/USD Chart<\/strong> \u2013 The Euro rises for the second straight day today versus the US Dollar in forex trading and advances to its highest level since August 7th.<\/p>\n<figure id=\"attachment_3333\" aria-describedby=\"caption-attachment-3333\" style=\"width: 595px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/08\/8-13eurusd.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3333\" title=\"8-13eurusd\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2009\/08\/8-13eurusd.gif\" alt=\"EUR\/USD Chart\" width=\"595\" height=\"400\" \/><\/a><figcaption id=\"caption-attachment-3333\" class=\"wp-caption-text\">EUR\/USD Chart<\/figcaption><\/figure>\n<div id=\"_mcePaste\" style=\"overflow: hidden; position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px;\">US Retail Sales fall, Jobless Claims rise. US Dollar declines in Forex Trading.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thursday, August 13th &#8211; U.S. Retail Sales fell in July after increasing for two straight months&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-3332","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/3332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=3332"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/3332\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=3332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=3332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=3332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}