Forex
EURUSD Edges Higher Amid Diverging US and Eurozone Economic Signals
The EURUSD pair rose to 1.1567 on August 14, reflecting a tug-of-war between US and Eurozone economic signals.
A softer-than-expected US retail sales report in July marked a decline of 0.6%, the largest drop since May 2025, raising concerns about consumer spending's resilience.
The probability of a Federal Reserve rate hike at the September meeting dropped to approximately 31% from 40% the day before, as inflation data cooled with a year-over-year rate of 3.4% in July, down from 3.5% in June.
In contrast, the Eurozone's GDP grew by 0.4% in the second quarter of 2026, accelerating from the previous quarter and aligning with preliminary estimates.