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EZ data re-cap; disappointing - BBH

FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the disappointments form the EZ data earlier.

Key Quotes

"Eurozone reported August retail sales at 1.9% y/y vs. 0.7% expected. But the composite PMIs came in slightly weaker than expected at 52.0 vs. 52.3 expected."

"France was particularly disappointing, with the composite reading coming in at 48.4 vs. 49.1 consensus. German composite ticked higher to 54.1 vs. 54.0 consensus. As Mr. Draghi said again yesterday, the Eurozone recovery remains weak and uneven, and today’s data underscores that perfectly."

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