EUR/USD Moves Up
EUR/USD is trading at 1.1345, up 0.0085.
German Construction PMI came out at 50.8 versus 51.0 and the Retail PMI came out at 55.8 versus 52.6. Eurozone Retail PMI came out at 51.4 versus 49.5. Frances Q1 Unemployment rate came out at 10 percent versus 10.1 percent in Q4. The data was a little higher at 10.3 percent when including off-shore possessions.
Chatter about U.S. payroll data due out Friday is making the rounds. Market talk about more unwinding of short euro and long European equities has led to some buying. Friday morning German Factory Orders are due out. Next week German Industrial Production data is due out.
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