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Eurozone Retail Sales rise 0.1% YoY in May vs. 0.2% expected

  • Eurozone Retail Sales rose 0.3% YoY in May vs. 0.1% forecast.
  • Retail Sales in the bloc arrived at 0.1% MoM in May vs. 0.2% estimate.

Eurozone’s Retail Sales rose 0.3% YoY in May, having registered a 0.6% growth in April, the official data released by Eurostat showed on Friday. The data beat the market consensus of 0.1%.

Eurozone Retail Sales (YoY) above forecasts (0.1%) in May: Actual (0.3%)

Eurozone Retail Sales (YoY) above forecasts (0.1%) in May: Actual (0.3%)
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USD/CNH: The pair faces a small chance to fall to 7.2800– UOB Group

The US Dollar (USD) could decline further, but it is unlikely to threaten the support at 7.2800.
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