Apr 30, 2013
Forex: EUR/USD bounces after EMU CPI
The EUR/USD felt pressured ahead of EMU CPI and unemployment rate, easing all the way to 1.3056 low. Once data was released, the pair bounced and is already near 1.3080. The preliminary publication of EMU CPI indicates a lower than expected figure in April, at 1.2% instead of 1.6%, and coming from 1.7%. The unemployment rate in the Eurozone rose from 12.0% to 12.1% in March, as expected.
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