On Friday at 07:00 GMT, Germany's Federal Statistics Office, Destatis, will release its much-anticipated Retail Sales report. This data could significantly impact the EUR/USD currency pair, influencing the exchange rate amid ongoing market volatility. Traders will be closely monitoring the figures as they assess consumer spending trends, a critical driver of economic health in the Eurozone.
A stronger-than-expected report could bolster the euro against the U.S. dollar, potentially pushing the EUR/USD exchange rate above key resistance levels. Conversely, disappointing sales figures may lead to a decline in the euro, as investors reassess their positions ahead of upcoming European Central Bank meetings. As always, market sentiment will play a crucial role in determining trading strategies in the wake of this economic indicator.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 06:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.