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Eurozone retail sales volume rose 0.2% mom in August, matched expectations. The increase was driven by a 0.2% rise in food, drinks, and tobacco sales, a 0.3% boost in non-food products (excluding automotive fuel), and a 1.1% jump in sales of automotive fuel from specialised stores. In the wider EU, retail sales grew by 0.3%…
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The euro has moved into a phase of correction and consolidation ahead of key macroeconomic releases. In EUR/USD, a technical pullback is unfolding following the previous decline, while EUR/CAD continues a more extended corrective move within its medium-term structure. Market activity is easing as traders await important data from the euro area, the United States…
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