Euro Slides Ahead Of German Jobless Rate, Eurozone Manufacturing PMI Data

Date : 05/02/2012 @ 3:52AM
Source : RTTF2
Stock : Euro (B) VS Swiss Franc Spot (Eur/Chf) (EURCHF)
Quote : 1.17002  0.0 (0.00%) @ 7:30PM
Euro vs Swiss Franc share price Chart

Euro Slides Ahead Of German Jobless Rate, Eurozone Manufacturing PMI Data

Euro vs Swiss Franc (FX:EURCHF)
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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.

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