FXstreet.com (Edinburgh) – The bloc currency has rapidly faded the fresh weekly tops near 1.3620, taking the EUR/USD back to the 1.3595/1.3600 region.
EUR/USD disappointed after German data
The bullish momentum around the EUR seems to have deflated after the unemployment change in Germany increased by 10K in November, exceeding the 3K forecasted and up from October’s 1K increase, while the jobless rate remained unchanged at 6.9%, banging on estimates. Further data from the EMU saw the M3 Money Supply expanding at 1.4% YoY (2.1% exp. and 2.0% prev.) and the Private Loans contracting at an annual rate of 2.1% in …read more