EUR/USD Drifts Lower

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EUR/USD is trading at 1.1217, up 0.0039. Chatter about U.S. unemployment on Friday is non-stop. Overnight, Eurozone retail sales data came out down 0.8 percent month-over-month versus down 0.2 percent on the previous report. Year-over-year retail sales data was down up 1.6 percent versus 3.0 percent. Some sellers have been seen on rallies. German final April PMI services came out at 54 versus 55.4 in March. Eurozone final April PMI came out at 54.1 versus 54.5 in March. Germany's Factory orders data is due out on Thursday at 2:00 a.m. ET.
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