Bloomberg News

Euro Stays Weaker Against Dollar, Yen After Retail Sales Data

July 04, 2012

The euro stayed weaker against the dollar and the yen after a report showed European retail sales unexpectedly increased in May.

The 17-nation shared currency was 0.2 percent lower at $1.2586 as of 10:03 a.m. London time. It also declined 0.2 percent to 100.44 yen.

Sales advanced 0.6 from April, when they slipped 1.4 percent, the European Union’s statistics office in Luxembourg said today. Economists had forecast sales to remain unchanged, the median of 16 estimates in a Bloomberg News survey showed. From a year earlier, sales fell 1.7 percent.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


Ebola Rising
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus