Retail sales fell in Germany last April after two consecutive months of increases. The result has been located in -5.5%, worsening expectations, which were betting on a decrease of 2%. In March, the indicator rose 7.7%. This is the worst result seen since last January.
Year-on-year retail sales grew for the second month in a row, rising 4.4% versus 11% previously and 10.1% expected.
EUR / USD reaction
Right at the time of publication of the data, the EUR/USD has lost five pips, enough to register a new two-day low at 1.2210 zone. At time of writing, the pair is trading above 1.2214, coinciding with its opening price. In the Asian session, the single currency touched a high at 1.2226.
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