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Forex Flash: German unemployment and EMU HICP forecast – TD Securities

FXstreet.com (Barcelona) - TD Securities analysts expect the German unemployment rate to remain at 6.9% with unemployment rising by 2k in April: “This would be an improvement over +13k in March and generally in line with the PMI details suggesting manufacturing employment is trending roughly flat”, wrote analyst Annette Beacher. In regard to the April Eurozone Flash HICP figure, Beacher expects a fall from 1.7% y/y to 1.6%, “but Spanish and German data released yesterday present further downside”.

Forex: AUD/USD retreats to 1.0350

After hitting fresh session highs around 1.0370, the Aussie dollar has initiated a correction lower to the current levels in the vicinity of 1.0350, as risk aversion is creeping back to the markets...
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Forex Flash: What can we expect of EUR/USD? – UBS and Commerzbank

The single currency is trading on the back foot on Tuesday, dragged lower by softer than expected German retail sales and the contraction of the Spanish GDP. The cross left session highs above...
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