The euro continues to make gains against the US dollar despite disappointing Spanish unemployment figures. While they showed that unemployment fell again they missed target. However, it still represents the sixth consecutive decline and the lowest rate of unemployment since 2009.
The single currency was able to still make solid gains against a weak dollar as the political uncertainty continues in the White House – and the US had some disappointing employment numbers of their own.
In contrast to the UK, economic data in the eurozone is fairly quiet today, but there is the second reading on the PMI services from the region.