Germany’s retail sales registered a 1.6% month-on-month decline in December, contrasting with a 2.5% drop in November, according to the latest data released by Destatis on Wednesday. The market had anticipated a 0.7% increase.

On a year-on-year basis, retail sales in Germany fell by 1.7% in December, compared to a 2.4% annual decline observed in November.

The reaction in the currency market saw the Euro testing lower levels against the US Dollar. The EUR/USD pair experienced a 0.22% decrease on the day, trading at 1.0815 as of the latest update.

In today’s trading, the Euro demonstrated weakness, particularly against the US Dollar, as indicated by the percentage change table showing Euro performance against major currencies