Single Currency Recovers, NFP Next
The Euro/Dollar pair rose 0.20% to 1.1646. German Industrial Production tumbled 1.1%. Trade surplus reduced to 15.8 billion euros. As we may see, there are more evidence to a slowdown in German economy. Factory Orders plunged 0.9%, disappointing investors and marking 4th drop in 5 months. Final Manufacturing PMI dropped to 55.9 from 56.9. Eurozone Revised Gross Domestic Product increased 0.4%. Today, the US features nonfarm payrolls and Average Hourly Earnings.