Forex News

The euro fell against most of the major currencies ahead of publication of data on unemployment in Germany

On Friday, 3:55 am Eastern Time, the Federal Employment Agency will publish data on unemployment in Germany for April. Economists expect that the unemployment rate will remain unchanged at 5.3 percent.
On the eve of the publication of the data, the euro demonstrated mixed trade in relation to its main competitors. While the euro rebounded against the pound, it fell against other major competitors.
As of 3:50 am ET, the euro was trading at 132.07 against the yen, 1.1966 against the franc, 1.2074 against the US dollar and 0.8696 against the pound.