The Commerce Department is set to release its retail sales report for July at 8:30 am ET. Economists estimate a 0.3 percent increase in retail sales and a 0.4 percent increase in retail sales that exclude autos in the month. In June, retail sales fell by 0.5 percent.
The U.S. Labor Department is scheduled to release its report on the producer price index for July around the same time. Economists expect the headline index and the core producer price index for July to have risen by 0.2 percent each. The headline index had risen by 0.1 percent in June.
The US dollar showed mixed performance against its major rivals ahead of the report. While the greenback edged higher against the yen, it held steady against the rest of majors. As of 8:25 am ET, the greenback was trading at 1.5710 against the pound, 1.2355 against the euro, 78.68 against the yen and 0.9725 against the Swiss franc.
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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.