Forex: EUR/USD trades slightly below 1.3 level

on May 31, 2013

Eurozone CPI May y/y preliminary release, core CPI May y/y preliminary release and April unemployment rate were announced today at 09:00 GMT by the EC’s Eurostat.

CPI measures changes in the price level of a market basket of consumer goods and services purchased by households and is a method for measuring core inflation. Core CPI is the consumer price index, excluding energy and food prices.
The May y/y core CPI rose more than the expected 1.1 percent to be 1.2 percent.
The Eurozone CPI May y/y preliminary release shows 1.4 percent versus a 1.2 percent decrease in April.
The unemployment rate is the number of unemployed workers divided by the total labour force. It is a leading indicator for an economy. According to the EC release earlier today, Eurozone unemployment reached a new high of 12.2 percent, in line with analysts’ expectations.

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