Euro zone July retail sales -0.2% m/m

Euro zone July retail sales have come in at -0.2% m/m, -1.8% y/y, compared to median forecasts of +0.1%, -2.2% respectively.

EUR/USD has edged back over 1.4300, presently at 1.4305. Obviously they’ll be some caution of possibly running into further BIS sales up at 1.4310/20 and obviously there’s always China lurking in the wings. Maybe the BIS is selling on behalf of China?