FXstreet.com (Barcelona) - US stocks are falling in its session, halting a three day increases, after the dissappointed retail sales data published early today. Unexpected decrease in retail sales in March has erased the initial optimism in the financial sector, on Goldman Sachs Group report, and that the economy's slump may be slowing, on Bernanke's words. USD are rising against the EUR but falls against JPY.
Dow Jones is losing 1.12% since the opening bell, Nasdaq falls 0.85% and S&P500 decline 1.08% along the American session.
Retail sales has collapsed 1.1%, between February an March, instead 0.3% increases expected by market. Excluding autos, retails sales has fallen 0.9% in March, worst than 0.0% expected by experts.
USD/JPY has fallen around 100 pips from 99.97 to 98.99, fresh two weeks low and test the 99.00 level. Currently, the pair is trading around 99.25/55 after falling 1.00% from 100.34 opening price.
EUR/USD fell around 50 pips last hour from 1.3277 to 1.3228 after the US March PPI and Retail sales data. Currently, the pair is trading around 1.3230/50 after falling 1.00% from the 1.3374 opening price.
GBP/USD rose around 0.25% along today's session from the 1.4863 opening price to reach a fresh weekly high at 1.4931 and test the 1.4900 level.
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