EUR/USD Extends losses

EUR/USD has extended Monday's losses into Tuesday. EUR/USD is trading weak Tuesday morning at 1.0741 , down 0.0087. Trading has been choppy. The pair is trading off the lows of the session a little and is now range -bound. German Retail sales data for February was down 0.5% month on month, the January data was revised lower. German unemployment fell in March to a 6.4% from 6.5% in February. EMU February unemployment was 11.3% versus January's 11.4% which was revised higher from 11.2%. EMU February youth unemployment was unchanged at 22.9% . The wider unemployment data across the EU came in at 9.8% , the lowest September of 2011. EMU March inflation was reported at down 0.1% on the year, versus February's -0.3% . Core inflation was reported to be +0.6%