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EUR/USD stalls as Eurozone Retail sales below forecasts

The latest Eurozone PPI (Producer prices) and retail sales data has just been released and it was mixed. The PPI was in line at +0.6%, but the sales data was a miss. That came out at -1.2%, where the markets had expected just a -0.3% decline. The EUR/USD has been mostly unreactive to the news, but the sales data has dented the upside for the time being and so that 1.0500 handle has remained elusive, even as the GBP/USD now extends slightly above 1.2110. The EUR/USD is just now trading at 1.0487
 

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