EUR/USD Trading Lower, Spain Unemployment Edges Down

EUR/USD is trading at 1.0717, down 0.0034. Spain's National Statistics Institute (INE) reported that Spain's unemployment edged down to 18.63 percent during the fourth quarter from 18.91 percent in the third quarter. It was the lowest unemployment rate since the third quarter of 2009. The number of unemployed persons in Spain declined by 1.9 percent to 4.24 million and the number of employed persons edged down 0.1 percent to 18.51 million.