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30 Apr 2013
Session Recap: Euro weakens after data disappointment
FXstreet.com (Córdoba) - The shared currency fell on Tuesday after data showed inflation in the eurozone dropped to a 3-year low while unemployment rose to a record high.
However, given the risks tied to this week's FED and ECB meetings along with US jobs data, EUR/USD remained inside its recent range. Meanwhile the Cable was nearly flat, while the dollar weakened against the yen. European markets were mixed while US stock futures were largely unchanged.
Main Headlines in Europe (in chronological order):
Germany: Annual Retail Sales drop 2.8% in March
Germany: Gfk Consumer Confidence Survey rises against expectations in May
Germany: Unemployment Change at 4K in April
EMU: Unemployment Rate hits new high in March
EMU: Annual inflation down to 1.2% in April
Letta to discuss his growth program with Merkel today
European Morning Fundamental Wrap: Attention goes to Italy and Cyprus
Germany and Scandies up, France and peripherals down as month ends
Euro on autopilot between 1.30-1.31
However, given the risks tied to this week's FED and ECB meetings along with US jobs data, EUR/USD remained inside its recent range. Meanwhile the Cable was nearly flat, while the dollar weakened against the yen. European markets were mixed while US stock futures were largely unchanged.
Main Headlines in Europe (in chronological order):
Germany: Annual Retail Sales drop 2.8% in March
Germany: Gfk Consumer Confidence Survey rises against expectations in May
Germany: Unemployment Change at 4K in April
EMU: Unemployment Rate hits new high in March
EMU: Annual inflation down to 1.2% in April
Letta to discuss his growth program with Merkel today
European Morning Fundamental Wrap: Attention goes to Italy and Cyprus
Germany and Scandies up, France and peripherals down as month ends
Euro on autopilot between 1.30-1.31