Bloomberg News

Euro Stays Lower Against Dollar, Yen After Retail Sales Data

September 05, 2012

The euro stayed lower against the dollar and the yen after a report showed European retail sales dropped in July.

The 17-nation shared currency was 0.4 percent lower at $1.2513 as of 10:09 a.m. London time, and fell 0.5 percent to 98.09 yen.

Sales slipped 0.2 percent from June, the European Union’s statistics office in Luxembourg said today, in line with the median estimates of 21 economists in a Bloomberg News survey.

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

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net


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