Retail Inventories excl. Autos m/m (USD) comes in at -0.4%

USD Retail Inventories excluding Autos month over month came in at -0.4%. This figure follows the previous month’s reading of -0.2%. No consensus figure was available for this release.

Initial market reaction was generally subdued across major USD pairs. Fifteen minutes after the release, AUDUSD moved -0.6 pips, EURUSD -0.1 pips, GBPUSD -0.5 pips, and NZDUSD +0.3 pips. These moves are small when compared to their respective median 1-hour moves, which typically range from 7 to 13 pips for these pairs. USDCAD saw a +5.4 pip move, USDCHF +3.5 pips, and USDJPY +8.6 pips. While USDJPY’s move was closer to its median 1-hour move of 10 pips, the other USD pairs also showed relatively small shifts. Gold, XAUUSD, reacted with a +48 pip move fifteen minutes post-release. This move exceeds its median 1-hour move of 33 pips and approaches the 59+ pip threshold for top-quarter releases.