Euro vs Swiss Franc (FX:EURCHF)
2 Years : From Dec 2011 to Dec 2013
Germany's April unemployment data is due from the Federal Labor Agency at 3.55 am ET. The number of unemployed persons is expected to drop 10,000 in April after falling 18,000 a month ago.
Final Purchasing Managers' survey results from Germany and Eurozone are due out at 3:55 am ET and 4:00 am, respectively. The final manufacturing PMI for both Germany and euro area are expected to match the flash estimate of 46.3 and 46.0 each in April.
The euro edged sharply lower against its major opponents ahead of the data. As of 3:50 am ET, the common currency was trading at a 5-day low of 1.3186 against the dollar and a 2-day low of 0.8132 against the pound. The common currency also retreated to 106.0 against the yen and 1.2017 against the franc by this time from its recently hit multi-day highs of 106.57 and 1.2023, respectively.