- European session:
Market news
European session:
Data:
07:15 Switzerland Retail Sales Y/Y April +4.2% +3.6% +0.1%
07:30 Switzerland Manufacturing PMI May 46.9 47.0 45.4
07:50 France Manufacturing PMI (finally) May 46.9 44.4 44.7
07:55 Germany Manufacturing PMI (finally) May 46.2 45.0 45.2
08:00 Eurozone Manufacturing PMI (finally) May 45.9 45.0 45.1
08:30 United Kingdom Purchasing Manager Index Manufacturing May 50.5 49.7 45.9
09:00 Eurozone Unemployment Rate April 10.9% 11.0% 11.0%
The euro fell as investors sought the relative safety of the Japanese currency and pushed German bond yields to record lows amid a deepening of Europe’s debt crisis.
The common currency slid to the lowest in almost two years against the dollar after euro-area unemployment surged to the highest on record.
The dollar climbed after Chinese manufacturing grew less than forecast last month and before a report that U.S. payrolls probably picked up from the weakest pace in six months.
EUR/USD: during european session the pair consolidated in $1,2310-$ 1,2370 area.
GBP/USD: the pair fell below $1,5300.
USD/JPY: the pair fell in Y78,00 area.
At 1400GMT Manufacturing ISM report and construction spending data are due.
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