Wednesday, May 28, 2014

Mid-Day Report: Euro Weakens Mildly as German Unemployment Rose

Euro dips mildly against dollar and yen today after German data showed that unemployment unexpectedly rose 24k in May, versus expectation of -14k fall. Unemployment rate was unchanged at 6.7%. While EUR/USD breached 1.3612 temporary low, loss is so far limited. Indeed, the common currency is higher against Sterling and



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