Single Currency Weakened On German Economic Climate
The Euro/Dollar pair fell 0.28% to close at 1.1719. German ZEW Economic Sentiment declined to -24.7 while the prognosis suggested -17.9 pts. Eurozone ZEW Economic Sentiment reduced to -18.7 pts. The forecast stood at -13.2 pts. Both reports marked their 6-year minimums and the weakening was attributed to the impact of US trade policy. Today, the US will feature JOLTS Jobs Openings and tomorrow we’ll get Core Consumer Price Index and Consumer Price Index.
Friday’s data pointed that US job growth stayed over the 200-thousand threshold. Wage growth, on the other hand, were disappointing. Nonfarm payrolls fell to 213K. Average Hourly Earnings reduced to 0.2%. Jobless rate grew to 4.0%.