{"id":1247,"date":"2009-04-06T15:08:55","date_gmt":"2009-04-06T20:08:55","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=1247"},"modified":"2009-04-06T15:08:55","modified_gmt":"2009-04-06T20:08:55","slug":"eurozone-retail-sales-producer-prices-fall-in-february-euro-mixed-in-currency-trading-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/04\/06\/eurozone-retail-sales-producer-prices-fall-in-february-euro-mixed-in-currency-trading-today\/","title":{"rendered":"Eurozone Retail Sales, Producer Prices fall in February. Euro mixed in currency trading today."},"content":{"rendered":"<p>Eurozone Retail Sales decreased in February according to a news release by EuroStat earlier today. February retail sales declined by 0.6 percent in the 16 <a href=\"http:\/\/gator1055.hostgator.com\/~alawai44\/fx\/wp-content\/uploads\/2009\/04\/250150euroreflection.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1249\" title=\"250150euroreflection\" src=\"http:\/\/gator1055.hostgator.com\/~alawai44\/fx\/wp-content\/uploads\/2009\/04\/250150euroreflection.jpg\" alt=\"250150euroreflection\" width=\"250\" height=\"150\" \/><\/a>country Eurozone after increasing by a revised 0.1 percent in January.<\/p>\n<p>The retail sales decline was more than expected as market forecasts had expected sales to decline by 0.4 percent for the month. On an annual basis, February&#8217;s retail sales numbers dropped 4.0 percent below the February 2008 level.<\/p>\n<p>Contributing to the decline in retail sales was a sales decrease of 1.1 percent in the non-food sector while sales in the food, drinks &amp; tobacco sector was flat for the month.<\/p>\n<p><strong>Producer Prices decline in August.<\/strong><\/p>\n<p>Producer Prices in the eurozone fell in February from January according to a separate report released from EuroStat today. Producer prices decreased by 0.5 percent in the month of February following a decrease of a revised 1.1 percent in January.<\/p>\n<p>On an annual basis, producer prices have fallen 1.8 percent from February 2008 following a revised 0.7 percent annual decrease in January. Market forecasts were expecting monthly producer prices to decline by 0.5 percent and the annual rate to register a decrease of 1.5 percent.<\/p>\n<p>Producer prices, excluding energy prices, fell by 0.4 percent for the month of February. Contributing to the decreased producer prices was a decline of 0.7 percent in energy sector prices while non-durable goods fell by 0.3 percent and intermediate goods decreased by 0.9 percent.<\/p>\n<p><strong>European currency mixed in Trading Today.<\/strong><\/p>\n<p>The 16-nation Euro has been mixed today in trading against other major currencies.<\/p>\n<p>The euro has declined against the US dollar as the EUR\/USD trades at 1.3403 in the afternoon of the U.S. session at 3:43pm EST after opening the day at 1.3571(00:00GMT).<\/p>\n<p>The euro is virtually unchanged against the British pound as the EUR\/GBP trades at 0.9096 from its 0.9092 open. Against the Japanese yen, the euro has fallen from 136.86 to 135.35 in today&#8217;s trading action while against the Swiss franc, the euro has also declined as the EUR\/CHF has fallen from 1.5273 to 1.5237 francs per euro.<\/p>\n<p>The euro is also trading virtually unchanged against the Canadian dollar compared to today&#8217;s opening rate as the EUR\/CAD trades at 1.6609 from 1.6606 while the euro has declined against the Australian and New Zealand dollars.\u00a0 The EUR\/AUD has declined to 1.8799 from 1.8853 and the EUR\/NZD trades at 2.2798 after opening at the 2.2823 exchange rate.<\/p>\n<p><strong>EUR\/USD Chart<\/strong> &#8211; The Euro falling against the US Dollar today in currency trading(4-Hour Chart). The EUR\/USD pair is trading right at the intersection of the 21-period simple moving average(green) and 55-period simple moving average(blue).<\/p>\n<figure id=\"attachment_1248\" aria-describedby=\"caption-attachment-1248\" style=\"width: 550px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/gator1055.hostgator.com\/~alawai44\/fx\/wp-content\/uploads\/2009\/04\/4-6eurusd.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1248\" title=\"4-6eurusd\" src=\"http:\/\/gator1055.hostgator.com\/~alawai44\/fx\/wp-content\/uploads\/2009\/04\/4-6eurusd.gif\" alt=\"Today's Forex Chart\" width=\"550\" height=\"400\" \/><\/a><figcaption id=\"caption-attachment-1248\" class=\"wp-caption-text\">Today&#39;s Forex Chart<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Monday, April 6th &#8211; Eurozone Retail Sales decreased in February according to a news release by EuroStat earlier today&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1247","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=1247"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1247\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=1247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=1247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=1247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}