Euro Extends Recent Slide On Unexpected Rise In German Unemployment Rate

Date : 06/28/2012 @ 4:09AM
Source : RTTF2
Stock : Euro (B) VS Japanese Yen Spot (Eur/JPY) (EURJPY)
Quote : 131.36  0.0 (0.00%) @ 6:30PM
Euro vs Japanese Yen share price Chart

Euro Extends Recent Slide On Unexpected Rise In German Unemployment Rate

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German Federal Labor Agency's unemployment data released at 3:55 am ET Thursday showed that the jobless rate rose unexpectedly to 6.8 percent in June. Economists had expected the rate to remain at 3.7 percent.

Following the release of the data, the euro has been extending its recent slide against most major currencies. The euro is now trading at 3-week lows of 98.63 against the yen and 1.2427 against the dollar.

Against the pound, the euro is trading as low as 0.7997.

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