Retail Sales in Germany rose 1.6% over the year in May. EUR/USD defends bids above 1.1700 following the downbeat data. 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 […]
The Canadian Dollar extends gains against the US Dollar on Wednesday, with USD/CAD falling below 1.3900. BoC rate cut expectations fade as underlying inflation remains sticky. The US Dollar remains under pressure, DXY slips to a fresh weekly low. The Canadian Dollar (CAD) strengthens further against the US Dollar (USD) on Wednesday, marking a three-day
Australia’s Retail Sales, a measure of the country’s consumer spending, rose 0.2% MoM in February, compared to a rise of 0.3% in January, the official data published by the Australian Bureau of Statistics (ABS) showed on Tuesday. The reading came in below the market expectations of 0.3%. Market reaction to Australia’s Retail Sales data At the time
The Dow Jones rallied 600 points on Monday as the index extends its rebound. Equities are recovering their stance after a recent plunge on geopolitical concerns. US Retail Sales figures from February recovered, but not by much. The Dow Jones Industrial Average (DJIA) climbed around 600 points on Monday as equities continue to claw back
Germany’s Retail Sales fell 0.6% MoM in November after declining 1.5% in October, the official data released by Destatis showed on Wednesday. Annually, Retail Sales in the Eurozone’s top economy rose by 2.5% in November versus 1.9% expected and 1.0% in October. EUR/USD reaction to the German data Mixed German data serves negative for the Euro, driving EUR/USD slightly lower at
