Forex: EUR/USD Falls to 1.3194

on Jun 7, 2013
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The US Department of Labour notified May’s nonfarm payroll data in early American trading today. The news was positive, showing an increase by 175,000 in new jobs created in May, against 149,000 in April.

At the same time though, the national unemployment rate increased to 7.6 percent in May, compared with 7.5 for the prior month.
Since the releases, the EUR/USD has dropped to 1.3194, with the euro supported by its own positive data and resisting the USD advance against other majors.
In particular, German industrial production rose by 1.8 percent in April, beating expectations for a 0.2 percent fall and following a 1.2 percent increase for March.
Germany’s trade surplus also expanded in April, at €17.7 billion marginally up from March’s €17.6 billion and bettering analyst expectations of €17.2 billion.

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