Forex: EUR/USD – Stable around 1.3345/50 after Eurozone updates

on Jun 17, 2013
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The pair has been stable around 1.3345 since the release of fresh Eurozone data today.

The European Statistical Office reported that the Eurozone labour costs increased in first quarter of 2013 by 1.6 percent, compared to 1.3 percent growth in the fourth quarter of 2012.
According to the report, in the Eurozone wages and salaries per hour worked grew by 1.7 percent and the non-wage component increased by 1.4 percent in the year up to the first quarter of 2013, compared with 1.4 percent and 0.9 percent respectively for the previous quarter.

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The first estimate of the Eurozone’s international trade in goods surplus in April 2013 has a drop to €14.9 billion, compared with an increase of €3.3 billion in April 2012 from €22.5 billion in March 2013, and below expectations for €18.5 billion.
The data indicates that in April 2013, seasonally adjusted exports fell by 0.8 percent compared with March 2013, while imports rose by 0.5 percent. The seasonally adjusted surplus also contracted in April to €16.1 billion, against €18.1 billion in the previous reading, well below the expected €21.2 billion.

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