News Column

Euro Mixed Ahead Of German Retail Sales Data

July 30, 2014

BRUSSELS (Alliance News) - At 2:00 am ET Thursday, German Federal Statistical Office Destatis is scheduled to release its retail sales for June. Retail sales are expected to rise 1.3% year-over-year in June following the 1.9% increase in May. On a month-over-month basis, retail sales are estimated to rebound by 1% in June following the 0.6% decline in May.

Ahead of the data, the Euro showed mixed trading against its major rivals. While the euro eased against the yen, the pound and the franc, it held steady against the US dollar.

As of 1:55 am ET, the Euro was trading at 0.7916 against the Pound, 1.3396 against the US dollar, 1.2168 against the Swiss franc and 137.64 against the Yen.

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Source: Alliance News

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