Unemployment data in the euro area

• The unemployment rate in the euro area, the fact of 8.4%, the forecast 8.5%.

Unemployment in the eurozone unexpectedly fell in June to the minimum values ​​of April 2009, thereby approaching pre-crisis levels.

Fig. 1. The unemployment rate in the euro area

At the same time, the dynamics of the single currency remains restrainedly negative, limiting itself to the growing political risks in Germany. It is also worth noting that despite the negative sentiment, which exert additional pressure on the euro from the dollar, the further decline in EUR / USD is limited by support levels: 1.1640-20 and 1.1600.

EUR / USD Graph. Current price – 1.1640

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Andre Green