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EMU: Construction Output decreases 0.8% in February

FXstreet.com (Barcelona) - The Eurozone Construction Output declined by 0.8% in February, following a 2.1% drop in January, according to the report released today by the Eurostat.

On an annual basis Eurozone Construction Output grew 0.8% in February, compared with the 9% drop registered the previous month.

Forex: EUR/USD jumps to 1.3199 high but EMU construction contracts

The EUR/USD upside ahead of the publication of EMU construction output was capped at 1.3199 high. Earlier, the pair fell on the European opening to test support at the 20-day EMA, at 1.3160, printing a low at 1.3153. As of writing, the market trades at 1.3190.
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