Latest data released by Eurostat - 3 April 2019
- Prior +1.3%; revised to +0.9%
- Retail sales +2.8% vs +2.3% y/y expected
- Prior +2.2%
A beat on the headlines but the shine on that is taken off by the negative revision to January's report. Nonetheless, the release here provides a general gauge of consumption activity in the region and the data beat here will at least provide some minor relief - if anything else - that Q1 economic activity isn't all bad.
EUR/USD sits higher still at 1.1242 currently while EUR/JPY is also near the highs for the day at 125.40 as the dollar and yen remains weak on more upbeat risk tones.
