Intra-Day Market Moving News and Views
04 Feb 2016 01:33GMT

EUR/USD - ....... The single currency was also supported yesterday from an increase in EU retail sales. Euro zone retail trade increased in December mostly thanks to Christmas shopping of food, drinks and tobacco, the European Union statistics office Eurostat estimated on Wednesday.
Sales in the 19 countries sharing the euro grew on average 0.3% in December on a monthly basis, as expected by economists polled by Reuters.

Retail trade increased 1.4% year-on-year, slightly less than the forecast 1.5%.
Eurostat revised upwards both monthly and yearly estimates for the month of November. Month-on-month euro zone sales have been flat in November, contrary to previous estimates of a 0.3% drop. Year-on-year sales recorded in November a 1.6% rise, more than the previously estimated 1.4%.

The greenback tumbled against majority of its peers yesterday as New York Fed President William warned of tightening financial conditions.
Reuters reported, in an interview with MNI, Williams said financial conditions have tightened considerably in the weeks since the U.S. Federal Reserve raised interest rates and monetary policy makers will have to take that into consideration should that phenomenon persist

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