Retail Inventories m/m comes in at 0.6% against 0.6% consensus

The USD Retail Inventories m/m report, released on 2026-07-16 at 14:00 UTC, showed an increase of 0.6%. This figure matched the market consensus expectation of 0.6%. The previous month’s reading was also 0.6%. This resulted in a 0.0% surprise against the consensus.

Following the release, market reactions across major currency pairs and gold were generally subdued or mixed within the first 15 minutes. AUDUSD moved +1.9 pips 15 minutes after the release, compared to its median 1-hour move of 8 pips after past releases. EURUSD saw a -2.5 pip move after 15 minutes, against a median 1-hour move of 10 pips. GBPUSD moved -1.9 pips in 15 minutes, with a median 1-hour move of 13 pips. NZDUSD registered a -0.2 pip change after 15 minutes, relative to its median 1-hour move of 7 pips. USDCAD moved +4.5 pips after 15 minutes, compared to a median 1-hour move of 11 pips. USDCHF saw a +2.7 pip move after 15 minutes, against a median 1-hour move of 9 pips. USDJPY moved +4.7 pips in 15 minutes, with a median 1-hour move of 10 pips. XAUUSD moved -24 pips after 15 minutes, compared to its median 1-hour move of 33 pips. The measured moves for most pairs within the first 15 minutes were relatively small compared to their typical 1-hour movements after similar past releases.