Eurozone Retail Sales Rise 1.9% Against Forecast of 1.7%; EURUSD Sees Volatility

The Eurozone has released retail sales data that influenced the movement of EURUSD during trading on Thursday (February 6, 2025).

In December, retail sales were reported to have increased by 1.9% year-on-year (YoY), surpassing the forecast of 1.7% YoY and the previous month’s figure of 1.6% YoY.

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As a result of this data, the EURUSD exchange rate has been volatile, fluctuating near the daily low of 1.03562.

Earlier released data indicated that German factory orders for December had shown a significant rise of 6.9% month-on-month (MoM), which is considerably higher than the forecast from Trading Central of 1.5% MoM, and significantly better than the previous month’s decline of -5.4% MoM.

While the data published today is generally positive, the ongoing uncertainty ahead has contributed to the volatility of the EURUSD. Following two consecutive days of gains, the EURUSD faced profit-taking that resulted in a decline.