German Retail Sales rise 1.6% YoY in May vs. 2.9% previous

Retail Sales in Germany rose 1.6% over the year in May.
EUR/USD defends bids above 1.1700 following the downbeat data.

Dhwani Mehta FXStreet

Retail Sales in Germany unexpectedly dropped 1.6% month-over-month (MoM) in May, following the revised 0.6% decline reported in April, according to official data released by Destatis on Monday.

The market forecast was for a 0.5% increase.

On an annual basis, Retail Sales rose 1.6% in May vs. April’s 2.9% revision.

Market reaction

These data has limited impact on the Euro (EUR). At the press time, EUR/USD is trading 0.04% higher on the day at 1.1725.

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		0.04%	-0.12%	-0.32%	-0.23%	-0.17%	-0.47%	-0.04%
EUR	-0.04%		-0.20%	-0.34%	-0.29%	-0.24%	-0.51%	-0.09%
GBP	0.12%	0.20%		-0.34%	-0.09%	-0.04%	-0.33%	0.11%
JPY	0.32%	0.34%	0.34%		0.08%	0.20%	-0.12%	0.33%
CAD	0.23%	0.29%	0.09%	-0.08%		0.01%	-0.24%	0.19%
AUD	0.17%	0.24%	0.04%	-0.20%	-0.01%		-0.29%	0.14%
NZD	0.47%	0.51%	0.33%	0.12%	0.24%	0.29%		0.44%
CHF	0.04%	0.09%	-0.11%	-0.33%	-0.19%	-0.14%	-0.44%

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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