Webinar: Live Coverage of German Unemployment Data
- German unemployment is at a reunification low as the economy booms.
- The single-currency is pushing higher as the confidence returns to the area.
German unemployment hit a 27-year low last month of 5.8% and is expected to tick lower. Will the EUR push higher on the release or will worries remain over lowly inflation?
Recent reports suggest that the ECB may be looking to change their language at the next ECB meeting on June 8th and prepare the markets for policy normalisation ahead. However recent commentary from ECB President Mario Draghi shows the central bank will remain accommodative until inflation becomes ingrained.
Chart: EURGBP Daily Timeframe (February 3 – May 31, 2017).
--- Written by Nick Cawley, Analyst
To contact Nick, email him at Nicholas.firstname.lastname@example.org
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