EUR/USD Impacted By Eurozone Retail Sales

The EUR/USD pair is struggling around 1.0260 as estimates for Eurozone Retail Sales shift lower. The Dollar Index has hit a fresh three-week low as the recruitment process seems vulnerable in July.

Eurozone’s stable jobless rate may remain a hurdle for the ECB in hiking interest rates. The EUR/USD pair failed to penetrate the immediate obstacle of 1.0260 as investors are discounting an expected underperformance from the Eurozone Retail Sales data.

The shared currency bulls seem to lack strength as the pair has been unable to perform despite broader weakness in the US dollar index.