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EUR/USD dips lower on German data

FXstreet.com (Edinburgh) -The euro continues to give ground on Thursday, this time the EUR/USD is dropping after softer than expected data from the German labour market.

EUR/USD in 2-week lows

The pair is testing the area of 1.3250 – or 2-week lows – after the unemployment change in the German economy increased by 7K during the month of August, coming in lower than both the median and July’s reading. The jobless rate stayed put at 6.8%, broadly in line with market consensus. Further data from the German will show the advanced consumer prices in August, with expectations calling for a …read more