FXstreet.com (Barcelona) - The euro gained against the greenback on Thursday despite dismal economic data from Germany. Indeed, German industrial output plunged 7.5 percent in January - the most since record-keeping began in 1978 - which also brought the annual rate down to a record low of -19.3 percent.

As the Euro-zone's biggest economy, Germany's economic data can sometimes serve as a good leading indicator, and their latest retail figures show that spending unexpectedly fell 0.6 percent in January while the annual rate plunged to -1.3 percent from 0.4 percent.

Disappointing Euro-zone results could have a negative impact on the euro in the short-term, though this does not tend to be a huge market-mover for the currency much beyond the release time, said Terri Belkas, analyst at FXCM.