Germany retail sales dropped by 0.9% in November

Germany's retail sales in November decreased by 0.9% while analysts expected the figure to increase by 0.1%. However, retail turnover in 2011 is likely to increase by between 1.1% and 1.3% from the previous year, reported Federal Statistical Office. After the release of data, the Euro saw losses against the USD and the pair EUR/USD is currently trading at 1.2921, edging down 0.15%.