- European session: the euro fell again
Market news
European session: the euro fell again
Data:
07:15 Switzerland Retail Sales Y/Y May +0.1% +0.9% +6.2%
07:30 Switzerland Manufacturing PMI June 45.4 44.6 48.1
07:50 France Manufacturing PMI (finally) June 44.7 45.3 45.2
07:55 Germany Manufacturing PMI (finally) June 45.2 44.7 45.0
08:00 Eurozone Manufacturing PMI (finally) June 45.1 44.8 45.1
08:30 United Kingdom Purchasing Manager Index Manufacturing June 45.9 46.7 48.6
09:00 Eurozone Unemployment Rate May 11.0% 11.1% 11.1%
The euro fell as a report showed unemployment in EMU climbed to a record in May.
The euro weakened after jumping the most against the dollar in eight months on June 29 as regional leaders eased terms on loans to Spanish banks.
The European Central Bank will probably lower the benchmark rate by 0.25 percentage point on July 5.
The jobless rate in the euro area rose to 11.1 percent in May from 11 percent in April, the European Union’s statistics office in Luxembourg said today. That’s the highest since the data series started in 1995.
EUR/USD: during the European session the pair fell, showing low at $1.2600.
GBP/USD: the pair rose to $1.5700, but then returned to previous levels.
USD/JPY: the pair showed low in Y79,40 area, but later returned to Y79,70 area.
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer