German Retail Sales rebound 3.5% m/m in June, a big beat (EUR unfazed)
|- German Retail Sales rose 3.5% in June vs. +0.5% expected.
- German Retail Sales fell 1.6% y/y in June vs. +2.7% expected.
According to the latest data reported by Germany’s Destatis, the country’s Retail Sales jumped 3.5% m/m in June versus 0.5% expected and -0.6% last.
On an annualized basis, the German Retail Sales fell 1.6% in June versus +2.7% expected and +4.0% seen in May.
The mixed German data had virtually no impact on the shared currency, with EUR/USD moving back and forth near 1.1150 region. All eyes remain on Eurozone GDP, CPI data ahead of the Fed.
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