German Retail Sales jump 1.2% MoM in Feb, a big beat – EUR/USD stays above 1.10

• German Retail Sales jump 1.2% MoM in Feb vs. 0.0% expected.
• Retail Sales rise 6.4% YoY in Feb vs. +1.5% expected.

According to the latest data reported by Germany’s Destatis on Wednesday, the country’s Retail Sales arrived at +1.2% MoM in February versus 0.0% expected and +0.9% last.

On an annualized basis, the German Retail Sales jumped 6.4% in February versus +1.8% seen in January and +1.5% expected.

more to come ...