#german retail sales

The post Euro strengthens against Canadian Dollar following German Retail Sales appeared on BitcoinEthereumNews.com. EUR/CAD extends its gains for the second successive day, trading around 1.6110 during the European hours on Monday. The currency cross remains stronger following the release of German Retail Sales data, which fell 0.3% month-on-month (MoM), while it was expected to have declined 0.4%. In March, Retail Sales dropped by 0.3% (revised from 2.0%). On an annualized basis, Retail Sales decreased 0.3%, compared to the prior release of a 0.2% decline (revised from 2.0%). The broader Eurozone faces a complex inflationary environment. Flash data for May revealed that while price pressures slowed in Germany, inflation accelerated in France, Italy, and Spain, leaving all four nations well above the European Central Bank’s (ECB) 2% target. This sticky inflation, combined with recent ECB Meeting Minutes showing that some policymakers had already pushed for a rate hike in April, strong

The post German Retail Sales decline by 0.3% MoM in April vs. -0.4% expected appeared on BitcoinEthereumNews.com. German Retail Sales, a key measure of consumer spending, declined again in April. The consumer spending measure fell 0.3% month-on-month (MoM), according to official data released by Destatis, while it was expected to have declined 0.4%. In March, Retail Sales dropped by 0.3% (revised from 2.0%) On an annualized basis, Retail Sales decreased 0.3%, compared to the prior release of a 0.2% decline (revised from 2.0%).  Market reaction No immediate reaction was observed in the Euro (EUR) after the data release. As of writing, the EUR/USD pair is down 0.04% on the day at 1.1655. Euro FAQs The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a d