Eurozone's retail sales report is due out at 5:00 am ET. Growth in retail sales are expected to ease to 1.5 percent year-over-year in December from 1.6 percent increase in the previous month. Retail sales are predicted to drop by 0.7 percent month-over-month following 1.4 percent increase in November.
The euro showed mixed performance against its major rivals ahead of the report. While the common currency held steady against the yen, it drifted higher against the rest of majors. As of 4:55 am ET, the euro was trading at 1.3522 against the dollar, 136.93 against the yen, 1.2227 against the Swiss franc and 0.8308 against the pound.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.