Retail sales of food and retail companies with one or more establishments that sell merchandise and associated services to final consumers are slated to be released at 8:30 am ET. For March, economists estimate a 0.3 percent increase in retail sales and a 0.6 percent increase in retail sales that exclude autos. Sales, excluding autos and gasoline, may have risen 0.5 percent.
The results of the New York Federal Reserve's empire state manufacturing survey, which elicits response from 200 manufacturing executives in New York state, is slated to be released at 8:30 am ET. The headline general business conditions index for April is expected to come in at 18.
The US dollar held steady against its major counterparts ahead of the data. As of 8:25 am ET, the greenback was trading at 1.5825 against the pound, 0.9235 versus the Swiss franc, 1.3023 against the euro and 80.75 against the yen.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.