German Retail Sales drop 1.4% YoY in January vs. -1.5% expected
Germany's Retail Sales fell 0.4% MoM in January, slowing from a 1.6% decline seen in December, the official data released by Destatis showed on Thursday. The market expectations were for a 0.5% increase.
Retail Sales in the Eurozone's biggest economy dropped 1.4% YoY in January versus a 1.7% annual fall reported in December, coming in above the forecast of -1.5%.
EUR/USD reaction to the German data
Mixed German data fail to move the needle around the Euro, keeping EUR/USD in its range near 1.0835, as of writing.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Swiss Franc.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.04% | -0.02% | -0.03% | -0.34% | -0.61% | -0.10% | 0.01% | |
| EUR | -0.05% | -0.06% | -0.06% | -0.36% | -0.64% | -0.13% | -0.03% | |
| GBP | 0.02% | 0.06% | -0.01% | -0.30% | -0.58% | -0.08% | 0.02% | |
| CAD | 0.02% | 0.08% | 0.00% | -0.28% | -0.59% | -0.06% | 0.03% | |
| AUD | 0.34% | 0.35% | 0.30% | 0.29% | -0.28% | 0.23% | 0.31% | |
| JPY | 0.60% | 0.65% | 0.59% | 0.56% | 0.28% | 0.52% | 0.60% | |
| NZD | 0.08% | 0.14% | 0.08% | 0.06% | -0.24% | -0.52% | 0.12% | |
| CHF | 0.00% | 0.05% | -0.02% | -0.03% | -0.32% | -0.61% | -0.08% |
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 Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (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.
