FX Daily Briefing

EUR/USD

The Euro traded sharply lower against the Dollar Thursday morning after the release of disappointing Eurozone economic data.

German Retail Sales missed expectations coming in at -0.4% versus expectations of 0.5%. Eurozone inflation and employment data also missed. Eurozone CPI Flash Estimate year over year came in at 0.7% versus 1.1% expected, while Eurozone unemloyment remained at 12.2% above expectations of 12.0%.