At 5:00 am ET Friday, Eurostat is scheduled to release its August retail trade report for the eurozone. Retail trade is expected to rise 0.7 percent year-over-year in August following the 0.8 percent increase in July. On a month-over-month basis, retail trade is estimated to increase 0.1 percent after the 0.4 percent drop in July.
Ahead of the data, the Euro showed mixed trading against its major rivals. While the euro recovered against the pound and the Swiss franc, it retreated against the yen. Against the U.S. dollar, the euro fell.
As of 4:55 am ET, the Euro was trading at 0.7848 against the Pound, 1.2088 against the Swiss franc, 1.2630 against the U.S. dollar and 137.54 against the Yen.
The material has been provided by InstaForex Company – www.instaforex.com