Eurozone Retail Sales increase by 2.9% YoY in September vs. 1.3% expected

Eurozone Retail Sales jump 2.9% YoY in September vs. 1.3% forecast.
Retail Sales in the bloc arrived at 0.5% MoM in September, beating estimates.

Dhwani Mehta FXStreet

Eurozone’s annual Retail Sales increased by 2.9% in September after rising by a revised 2.4% in August, the official data released by Eurostat showed on Thursday. The data beat the market forecast of +1.3%.

On a monthly basis, Retail Sales in the old continent rose by 0.5% in the same period vs. August’s revised +1.1%, beating the expected 0.4% print.

FX implications

The upbeat Eurozone data fails to provide a fresh boost to the Euro. At the time of writing, the EUR/USD pair is trading 0.21% higher on the day at 1.0750.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.15%	-0.15%	-0.45%	-0.35%	-0.87%	-0.79%	-0.03%
EUR	0.15%		0.00%	-0.26%	-0.20%	-0.71%	-0.62%	0.13%
GBP	0.15%	0.00%		-0.28%	-0.20%	-0.71%	-0.63%	0.14%
JPY	0.45%	0.26%	0.28%		0.07%	-0.45%	-0.41%	0.41%
CAD	0.35%	0.20%	0.20%	-0.07%		-0.51%	-0.44%	0.34%
AUD	0.87%	0.71%	0.71%	0.45%	0.51%		0.09%	0.87%
NZD	0.79%	0.62%	0.63%	0.41%	0.44%	-0.09%		0.78%
CHF	0.03%	-0.13%	-0.14%	-0.41%	-0.34%	-0.87%	-0.78%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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