BREAKING: EUR muted after mixed German data

German industrial production data and retail sales data for January was released today at 7:00 am GMT. Data came in mixed with industrial production beating expectations and retail sales missing estimates. Market reaction has been rather muted. EURUSD dipped in a knee-jerk move but scale of the drop did not exceed 0.1%. Similarly muted reaction could be spotted on equity markets with DE30 swinging in a less-than-20 points range following the release.

Industrial production

• Year-over-year: -1.6% YoY vs -3.7% YoY expected (-4.2% YoY previously)

• Month-over-month: 3.5% MoM vs 1.4% MoM expected

Real retail sales

• Year-over-year: -6.9% YoY vs -5.0% YoY expected (-6.4% YoY previously)

• Month-over-month: -0.3% MoM vs +2.3% MoM expected

EURUSD trades little changed near the 1.0540 mark following the release of German data for January. Source: xStation5