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That German unemployment data has now been released. The underlying rate remained at 6.1% in November. However, unemployment claims actually came in a little better, at just 7k, down from the prior reading of 27k. The markets were expecting a number around 20k. Now prior to this, earlier this morning, the slide in the USD/JPY helped the EUR/USD to press close to the 1.06 handle again, but it stalled short of reclaiming that level. The high seen was set at 1.0597. It subsequently fell back towards 1.0560. It was trading at 1.0573 leading into the unemployment report. It has not reacted positively to that better than forecast payroll data yet though. You can make of that what you will. The EUR/USD is currently trading at 1.0571
So, the initial reaction to the US jobs data saw the dollar fall sharply. As reported on, that dive sent the GBP/USD above 1.28 and the EUR/USD above...
The US equity market futures are all in the green right now and pointing to a slightly higher opening in around 30 minutes. The gains look pretty...
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