US: NFIB Business Optimism Index rose to 94.1 in July

FXstreet.com (Edinburgh) - The National Federation of Independent Business informed that the small-business optimism index climbed to 94.1 for the month of July, leaving behind June’s 93.5 although missing the median at 95.4.

Aug 13, 2013

Session Recap: Yen weakness the main theme

The theme of the day has been yen weakness, as reports of corporate tax cuts to offset sales tax hike helped Nikkei higher and put the currency under pressure. USD/JPY extended its recovery into a second day from below 96.00 to above 98.00.

US retail sales next: Impact on the USD

Next during the American session, the US Census Bureau will publish retail sales figures for July, with expectations calling for a 0.3% increase and 0.4% rise excluding autos.