Latest data released by Destatis - 31 July 2019
- Prior -0.6%; revised to -1.7%
- Retail sales -1.6% vs 0.0% expected
- Prior +4.0%; revised to +3.8%
Slight delay in the release by the source. That's a solid beat for retail sales and the jump on the month here is the biggest since November 2001. Mind you, the monthly reading here is seasonally adjusted so that's a big boost to consumption activity to end Q2.
EUR/USD holds at 1.1158, still in a narrow range though as markets are largely eyeing the Fed decision later today.
