EUR/USD – Euro in tight range ahead of US labour market updates

on Aug 2, 2013
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**iNVEZZ.com, Friday 2 August:** Spanish Unemployment Change was today reported as down 64,866, falling short of analysts’ estimates for a drop of 75,000 and June’s -127,248, but marking a fifth consecutive fall in unemployment.

The Eurozone Producer Price Index for June y/y came out in line with expectations for growth of 0.3 percent. The prior period was revised down from – 0.1 percent to – 0.2.

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EUR/USD falls on ECB pledges Euro off 0.56% on ECB-speak and positive US updates

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Month-on-month Eurozone PPI for June m/m was flat as expected, after the 0.3 percent decline in May.
The euro is currently trading in a tight 37-pips range and marginally up 0.02 percent intraday, to be 1.3211 as these words are written. The pair is in pause mode ahead of the American session and especially key US labour market updates at the start of the session.

The July reading of ADP’s Non-Farm Payrolls Change is due out at 13.30 BST today, with analysts forecasting a fall of 20,000 from June’s 195,000.
At that time also, the US Unemployment Rate for July will be released, with market expectations for 7.5 percent, slightly lower from June’s 7.6 points.

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EUR/USD falls on ECB pledges Euro off 0.56% on ECB-speak and positive US updates

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http://nvz.bz/17VvWbn

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