Euro above the zone of 1.4300 after European retail sales release

Wednesday, 3 August 2011 12:43

According to Eurostat the volume of retail trade went up by 0.9% in June compared to May 2011.  June 2011 compared to last year June 2010, retail sales decreased by 0.4%.

This Index measures the change in the total value of inflation-adjusted sales at the retail level.

After the release the Euro jumped against the U.S Dollar, as well as the Sterling.  EUR/USD jumped from 1.4270 to 1.4330 and continued its growth to reach new session highs at 1.4342.

EUR/GBP was trading at 0.8715 earlier today, at present the pair rose to 0.8736.