RTTN:Euro Weakens After Eurozone Retail Sales Report
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.
