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Eurozone Retail Sales rise 1.5% YoY in March vs. 1.6% expected

  • Eurozone annual Retail Sales rose 1.5% in March.
  • Retail Sales in the old continent came in at -0.1% MoM in March.

The Eurozone’s Retail Sales increased 1.5% year-over-year in March, following a revised 1.9% growth in February, according to official data released by Eurostat on Wednesday. Markets estimated a 1.6% figure.

On a monthly basis, Retail Sales in the old continent declined 0.1% in the same period versus February’s +0.2% revision while coming in below the 0% estimated reading.

FX implications

The Eurozone data fail to move a needle around the Euro. The EUR/USD pair is trading 0.08% lower on the day at 1.1360, as of writing.

Singapore Foreign Reserves (MoM) rose from previous 381.1B to 389.2B in April

Singapore Foreign Reserves (MoM) rose from previous 381.1B to 389.2B in April
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GBP/USD expected to be between 1.3300 and 1.3400 – UOB Group

Pound Sterling (GBP) is likely to trade in a range vs US Dollar (USD), expected to be between 1.3300 and 1.3400. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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