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Eurozone

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Forex News – Eurozone inflation below 1% for 4th consecutive month

Posted on January 31, 2014 at 1:24 pm GMT

An unexpected drop in Eurozone CPI for January 31, 2014 raised fears of deflationary pressures in the region. According to data released on Friday from the EU’s statistics office, Eurostat, consumer prices fell to 0.7% year-on-year in January compared to 0.8 % in December. This was the lowest level since October, which was when inflation reached a near 4-year low. January’s drop in the rate of inflation surprised analysts who had forecast a slight acceleration to 0.9%. It is the [..]

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Forex news – Eurozone inflation rises despite falling energy costs

Posted on December 17, 2013 at 3:48 pm GMT

[caption id="attachment_12086" align="alignnone" width="550"] (Click to enlarge)[/caption] Annual Eurozone inflation rose to 0.9% in November, in line with expectations and up from October’s 0.7% year-on-year rate.  October was the first month since February of 2010 that inflation was under 1% and this had caused some concern that the Eurozone was heading for –if not deflation – at least disinflation. Persistently low inflation could push the ECB towards undertaking additional monetary stimulus.  ECB President Mario Draghi said that inflation too low [..]

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Forex News – Euro zone unemployment falls for first time in 4-years

Posted on November 29, 2013 at 1:00 pm GMT

Unemployment in the Euro zone has hovered above 12% since the beginning of this year. Data released by Eurostat today show that the jobless rate fell in October to 12.1% from the prior month’s record high 12.2%. This was slightly below expectations for the rate to remain unchanged. This is the first time in three years that unemployment has fallen in the 17 countries of the Euro zone. The last decline was in early 2011 when unemployment fell to just [..]

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Forex News – Eurozone GDP barely grows in 3rd quarter

Posted on November 14, 2013 at 2:42 pm GMT

[caption id="attachment_11285" align="alignnone" width="550"] (click to enlarge)[/caption] The announcement of growth of 0.1% for the Eurozone during Q3 marked the 2nd consecutive quarter of growth following 6 straight quarters during which the single currency area’s economy was contracting (Q4 2011 – Q1 2013). During the previous quarter, the Eurozone grew by 0.3% The quarterly growth rate was less than economists’ expectations of 0.2%. The main reason for this was the underperformance of France, which saw its economy shrink by 0.1% [..]

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Forex News – French PMI disappoint, euro slips slightly

Posted on September 23, 2013 at 9:22 am GMT

A series of PMI data from the Euro zone were released on Monday, with particular focus on Germany and France. French PMI disappointed markets as data showed manufacturing activity dipped during September. PMI printed a reading of 49.5, down from August’s 49.7 and less than the expected 50.2. A reading above 50 in the Markit surveys indicates an expansion in activity, while below 50 signals contraction. While German manufacturing PMI was below forecast, the number remains above the key 50 [..]

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