On the eve of the news in the U.S. pair EUR / USD succumbed to "ragged" trading. Data on unemployment in the eurozone in March remained stable, although experts expected a small increase in the indicator. Purchasing Managers 'Index for the manufacturing were in line with economists' forecasts.
Data on unemployment in the eurozone have not deteriorated.
As it became known today, the unemployment rate in the euro area in March to a seasonally adjusted remained at 11.8%. Recall analysts predicted 11.9%.
As for the EU Member States, the lowest unemployment rates were recorded in Austria (4.9%). Next comes Germany (5.1%) and Luxembourg (6.1%). The highest rates - in Greece (26.7%) and Spain (25.3%). As for the youth unemployment rate in the euro area declined compared to last year.
Data on activity in the sphere of production were favorable
Second publication of Markit PMI index for the manufacturing index showed improvement in April in the eurozone. So, there have been 53.4 points higher than the previous values in the expected 53.0 points and 53.3 points in the figures. PMI continued improvement in the 10th consecutive month. According to Markit, the first time since November 2007 PMI indices in all the countries studied were above the level of 50.0, which divides the area of growth and decline. Production volumes and the number of new productions have also improved.
After the published data merchants quite optimistic and is now preparing to news from the U.S.. These news - a key factor for the pair EUR / USD. As experts predict, the number of employees in the U.S. economy outside of agriculture in April could grow by 210 thousand people. It is expected that the demand in the labor market back to levels that were recorded on the eve of deteriorating weather conditions in the winter.
Currently quotation EUR / USD kept at 1.3861 (-0.04%). Pair continues to move within a wider "bearish" trend . Now, the mood in the market are influenced by the forthcoming publication of the U.S..