Home Euro area Retail Sales rose 0.6% in January as expected
FXStreet News

Euro area Retail Sales rose 0.6% in January as expected

  • Annual Retail Sales in euro area rose 1.7% in January as expected.
  • EUR/USD continues to trade in daily range below 1.12 after data.

Retail Sales in the euro area and the EU27 increased by 0.6% and 0.5%, respectively, on a monthly basis in January, the data published by the Eurostat showed on Wednesday. This reading came in line with market expectation. 

On a yearly basis, Retail Sales in the euro area rose 1.7% to match the previous figure and analysts’ estimate.

EUR/USD reaction

The EUR/USD pair largely ignored this data and was last seen trading at 1.1165, down 0.05% on a daily basis.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.