The single currency chopped and changed against USD yesterday, ultimately strengthening fractionally, boosted by better than expected shopping data.
Retail sales in the Eurozone were significantly ahead of expectations, growing at 3% month on month – double expectations – and the losses compared to last year being half of the consensus prediction – and last month’s figures – at 2.9% lower.
This morning we have had wholesale prices for Germany which came in well ahead of last month at 4.4% year on year and 1.7% for the month.
At 10am we will hear about economic sentiment in both the Eurozone as a whole and its largest economy, Germany.
