Eurozone Retail Sales rise 0.8% YoY in August vs. 1.0% expected

Eurozone Retail Sales rebound 0.8% YoY in August vs. 1.0% estimate.
Retail Sales in the bloc arrived at 0.2% MoM in August, as expected.

Dhwani Mehta FXStreet

Eurozone’s annual Retail Sales rose 0.8% in August after dropping by 0.1% in July, the official data released by Eurostat showed on Monday. The data missed the market consensus of +1.0%.

On a monthly basis, Retail Sales in the old continent increased by 0.2% in the same period vs. July’s revised 0%, meeting the estimates of 0.2%.

FX implications

The mixed Eurozone data fails to move the needle around the Euro. At the time of writing, the EUR/USD pair is trading 0.07% lower on the day at 1.0967.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.06%	0.26%	-0.24%	0.18%	0.20%	0.34%	-0.04%
EUR	-0.06%		0.26%	-0.26%	0.15%	0.12%	0.28%	-0.12%
GBP	-0.26%	-0.26%		-0.54%	-0.10%	-0.14%	0.05%	-0.27%
JPY	0.24%	0.26%	0.54%		0.41%	0.41%	0.52%	0.22%
CAD	-0.18%	-0.15%	0.10%	-0.41%		0.05%	0.16%	-0.22%
AUD	-0.20%	-0.12%	0.14%	-0.41%	-0.05%		0.20%	-0.21%
NZD	-0.34%	-0.28%	-0.05%	-0.52%	-0.16%	-0.20%		-0.35%
CHF	0.04%	0.12%	0.27%	-0.22%	0.22%	0.21%	0.35%

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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