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EUR/USD falls back after German Retail Sales disappoint

This update is slightly after the fact owing to technical difficulties this morning, but the EUR/USD has given back some ground following what was another disappointing retail sales report from Germany a little earlier. That report showed that sales fell by 1.2% in April, where the markets had been looking for only a 0.1% decline. The yearly figure was lower too. So, the EUR/USD had managed to come close to the noted pivotal level at 1.0850 yesterday afternoon and later closed in the US at 1.0832. The high seen earlier today was set at 1.0835 and the low following that sales data was at 1.0811. The EUR/USD is currently trading at 1.0817
 

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