German Retail Sales jump 2.9% YoY in January vs. 1.8% previous

Retail Sales in Germany rebounded firmly on an annual basis in January.
EUR/USD remains depressed in a range below 1.0400.

Dhwani Mehta FXStreet

Retail Sales in Germany rebounded 0.2% month-on-month (MoM) in January, following the 1.6% decrease recorded in December, the official data released by Destatis showed Friday.

The reading outpaced the market expectation for a 0% print.

On an annual basis, Retail Sales rose by 2.9% in January, compared to a 1.8% growth reported in December.

Market reaction

These data fails to impress Euro buyers. At the press time, EUR/USD is trading 0.09% lower on the day at 1.0387.

Euro PRICE Today

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

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.16%	0.24%	0.24%	-0.01%	0.38%	0.60%	0.07%
EUR	-0.16%		0.09%	0.11%	-0.16%	0.22%	0.44%	-0.09%
GBP	-0.24%	-0.09%		0.00%	-0.25%	0.13%	0.35%	-0.18%
JPY	-0.24%	-0.11%	0.00%		-0.22%	0.15%	0.36%	-0.16%
CAD	0.00%	0.16%	0.25%	0.22%		0.37%	0.60%	0.07%
AUD	-0.38%	-0.22%	-0.13%	-0.15%	-0.37%		0.21%	-0.31%
NZD	-0.60%	-0.44%	-0.35%	-0.36%	-0.60%	-0.21%		-0.53%
CHF	-0.07%	0.09%	0.18%	0.16%	-0.07%	0.31%	0.53%

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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