German bunds increase after retail sales fall

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Source: Bloomberg
Germany's Government bunds increased for the second day after the data indicated retail sales in the country dropped more than expected in April, rising demand for the safest bond assets. German 10-year Government bonds slipped 0.05 percentage point to 1.46%. Retail sales in the Nation fell 0.4% from March, when the sales decreased 0.1%.
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Fri, 31 May 2013 11:59:11 GMT

Eurozone's currency drops from highest level in three weeks

The shared currency dropped from the three-week high against the greenback after Germany's retail sales slid and the Eurozone's unemployment level climbed. The Euro depreciated 0.6% to $1.2976 as of 6:19 a.m. New York time after it gained to $1.3061 on Thursday, while the 17-nation currency fell 0.7% to 130.54 Yen. German's retail sales slipped 0.4% in March.

Fri, 31 May 2013 13:01:30 GMT

US Dollar drops to weakest level against Yen

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