Italy July retail sales report just out 6 Sept

  • 0.6% prev
  • yy 0.0% vs 1.2% exp vs 1.3% prev

A soggier report than prev leaves EURUSD unfazed and nudging higher at 1.1945 with EURGBP and EURJPY both underpinned.

Another day another euro eh?

ISTAT point out that the data is expressed in value terms and not adjusted for consumer prices which rose 1.2% in July y based on the HICP reading.