News Column

Euro Declines Against Most Majors Ahead Of Eurozone Retail Sales

August 5, 2014

BRUSSELS (Alliance News) - At 5 am ET Tuesday, Eurostat is scheduled to release its retail trade report for the eurozone. Retail trade is expected to rise 1.4% year-over-year in June following the 0.7% increase in May. On a month-over-month basis, retail trade is estimated to grow 0.5%, after remaining unchanged in May.

The euro showed mixed trading against the other major currencies prior to the data. While the euro rose against the franc, it fell against the rest of major counterparts.

The euro was worth 1.3390 against the greenback, 137.35 against the yen, 0.7931 against the pound and 1.2175 against the franc at 4:55 am ET.

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Source: Alliance News

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