Euro Little Changed as Data Mixed, Traders Wait for NFP

The euro was little changed during the current trading session as economic data released in the eurozone was mixed. Besides, traders were cautious of adding positions ahead of US nonfarm payrolls due to release later today.

German factory orders rose 1.0% in June from the previous month (adjusted to season variations), more than analysts had predicted — 0.6%. Italian retail sales increased 0.6% in June from May, also beating the average forecast of 0.1%. But the IHS Markit Eurozone Retail PMI dropped sharply from 53.2 in June to 51.0 in July, and ironically the biggest drop in retail sales was registered specifically in Germany and Italy.

EUR/USD traded at 1.1875 as of 10:36 GMT today, close to the opening of 1.1867. EUR/GBP was at about the opening level of 0.9031, backing off from the session high of 0.9047.

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