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.

Dhwani Mehta FXStreet

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.

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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