Eurozone Retail Sales rise by 1.9% YoY in October vs. 1.7% expected
Source Fxstreet
- Eurozone annual Retail Sales beat estimates with 1.9% in October.
- Retail Sales in the old continent came in at -0.5% MoM in October.
Eurozone’s Retail Sales rose at an annual rate of 1.9% in October after increasing by a revised 3.0% in September, the official data released by Eurostat showed on Thursday. The data beat the market consensus of +1.7%.
On a monthly basis, Retail Sales in the old continent dropped by 0.5% in the same period, compared to September’s +0.5% while missing the estimated 0.3% decline.
FX implications
The mixed Eurozone data fails to deter Euro buyers. At the time of writing, the EUR/USD pair is trading 0.18% higher on the day at 1.0530.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Silver price (XAG/USD) has lost its nearly a 4.5% gain registered in the previous session, trading around $72.50 during the Asian hours on Wednesday.
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The EUR/USD pair trades in positive territory around 1.1755 during the early European trading hours on Friday.
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