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US retail sales exceed forecasts in August
At 12:30 GMT, the US economy released its reading for the retail sales index , which fell 0.7% in August, beating forecasts of drop by 0.7%, and better than the previous reading of a drop by 1.8% after it was revised from 1.1%.
The core reading (excluding car sales) rose 1.8%, beating forecasts of 0.1%, while the previous reading was at -1%. This data is positive for the US economy.
US unemployment claims worse than expected
At 12:30 GMT, the US Department of Labor showed that the unemployment claims were at 332K during the week ending in September 10, worse than forecasts of 325K, and worse than the previous reading of 312K. This data is negative for the US dollar.
MoreUS stocks fall despite positive retail sales data
US stock indices fell in early trading on Thursday, despite the release of positive retail sales data.
MoreOil falls from 6-week high as dollar rises
Oil prices continued to fall as the US market opened on Thursday, and gave up a 6-week high on profit-taking, while on track for the first loss in 5 days, while the US dollar rose against its peers.
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