EUR/USD Higher

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EUR/USD is trading higher Thursday morning extending Wednesday's gains. EUR/USD is trading at 1.1183, up 0.0072. Trading is firm and very choppy.German year-over-year retail sales were up 3.5 percent versus 3.6 percent last month. On the month-over-month basis sales were down 2.3 percent versus down 0.1 percent last month. Eurozone CPI year-over-year came out at 0 percent versus down 0.1 percent. Core CPI was up 0.6 percent versus up 0.6 percent last month. March unemployment for Germany was down 8,000 versus down 14,000 last month. Germany's unemployment rate came out at 6.4 percent and was unchanged from last month. Eurozone overall unemployment came out at 11.3 percent versus 11.3 percent last month.

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