FOREX: JPY Falters as BoJ Kick the Can on Rate Hikes
May-01 09:00
* A dovish turn from the BoJ board has contained the JPY, pressuring the currency against all othe...
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MNI: EUROZONE FEB UNEMPLOYMENT RATE 6.1%
Apr-01 09:00
- MNI: EUROZONE FEB UNEMPLOYMENT RATE 6.1%
MNI: EUROZONE MAR FLASH HICP +2.2% Y/Y
Apr-01 09:00
- MNI: EUROZONE MAR FLASH HICP +2.2% Y/Y
- MNI: EUROZONE MAR FLASH CORE HICP +2.4% Y/Y
EUROZONE DATA: Unemployment Rate Surprises With A New Series Low
Apr-01 09:00
The Eurozone unemployment rate for February printed a tenth below consensus at 6.1% (sa, vs 6.2% consensus and prior) making it the new series low. This is after three consecutive months at 6.2%.
- The decline came despite the youth unemployment rate (for those under 25 years old) ticking up marginally to 14.2% in February (vs 14.1% in January). It’s a small uptick having dropped from a recent high closer to 15% in July and sees it a little above lows of 14% in early 2023.
- Survey indicators have been mixed. The EC's expected employment index fell in March to 96.7 (vs 97.4 prior), making it the lowest reading since February 2021. On the other hand, the Eurozone March flash PMI release noted that employment "stabilised" as "Eurozone companies brought an end to a period of job shedding".
Source: Eurostat
