Eurozone Retail Sales drop 0.6% YoY in September

Eurozone’s Retail Sales rose by 0.4% MoM in September versus 0.4% expected and 0% last, the official figures released by Eurostat showed on Tuesday.

On an annualized basis, the bloc’s Retail Sales came in at -0.6% in September versus -1.4% recorded in August and -1.3% consensus forecast.

EURUSD comes under pressure and trades on the defensive reversing at the same time two consecutive daily advances amidst some profit taking sentiment among investors and renewed bid bias in the greenback.

Indeed, the dollar’s recent strong decline appears to have met a foothold around the 110.00 region when gauged by the USD Index (DXY), triggering a corrective bounce soon afterwards.