Eurostat said in a report that the retail sales in the euro area fell to 0.8 percent month-on-month in December, following a downwardly revised 0.1 percent drop in November. Economists had expected sales to fall 0.5 percent in the month.
The euro drifted lower against its major rivals following the report. As of 5:02 am ET, the common currency was trading at 125.44 against the yen, 0.8573 against the pound, 1.2290 against the Swiss franc and 1.3520 against the dollar.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.