Market news
02.07.2012, 12:30

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.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location