FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that the Euro zone data today was mixed.
"French consumer spending rose 1.0% m/m vs. 0.3% consensus, while Spanish retail sales rose an adjusted 0.5% y/y vs. 0.7% in April."
"German states have started to report June CPI, and the national figure is due out later today. Consensus for the national CPI is 1.0% y/y vs. 0.9% in May, but the risk is to the upside as most states have reported some acceleration."
"Spain also reported preliminary June CPI inflation of 0.1% y/y, as expected. Overnight, France reported change in jobseekers at a much higher than expected +24.8k vs. +6k consensus and +14.8k in April. France continues to lag within the euro zone, underscored by today’s downward revision of Q1 GDP growth from 0.8% y/y to 0.7%."