12:00 PM · 4 October 2023

EURUSD strengthen despite eurozone retail sales miss

Eurozone retail sales for August 2023:

2,1% y/y vs -1% exp. and -1% previously
-1,2% m/m vs -0,5% exp. and -0,2% previously

PPI reading y/y: 11,5% vs 11,6% exp. and -7,6% previously

PPI reading m/m: 0,6% vs 0,6% exp. and -0,5% previously

Looking at EURUSD we can see that EUR contintue to strenghten today however much weaker retail sales in eurozone suggests 'recessionary' dynamic in consumer sentiments. PPI data came in line with expectations.

Source: xStation5

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