German Retail Sales drop by 5.1% MoM in July vs. -0.9% expected, EUR/USD battles 1.1800

• German Retail Sales fell by 5.1% MoM in July vs. -0.9% expected.

• Retail Sales came in at -0.3% YoY in July vs. 3.7% expected.

According to the latest data reported by Germany’s Destatis on Monday, the country’s Retail Sales dropped by 5.1% MoM in July versus -0.9% expected and 4.2% last.

On an annualized basis, the German Retail Sales came in at -0.3% in July versus 3.7% expected and 6.2% reported in June.

more to come ...